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Q 1) For the following quadratic production function for production of an output Y, using two variable inputs, X1 and X2 : Y=18X down1-X1power2+14Xdown2-X2power 2 derive the isoquant equation for this production function by solving for X1.
Show your work clearly and do not omit important steps
Q 2) Derive the marginal criterion for profit maximization for a farm business as a function of output. Explain each of the terms in the marginal criterion you have derived
How much would it cost to fence exactly four such properties, which together would contain four square miles of area Now, consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square
One reason for rising interest rates was the prospect of a refinancing issue; a $12 billion issue matures April 1 , and the government is expected to seek some new money ,in excess of its refinancing needs.
question 1explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing
Who are maximizing their rational choice, the Japanese or the Americans and which of the three forms would Adam Smith agree is the best choice?
In some ways monitoring is easier in a partnership than a corporation, where shareholders monitor directors. In what ways is monitoring easier? In what ways is it not?
question consider that a country can produce just two things goods and services. suppose that over a given period it
commercial recording inc. is a manufacturer and distributor of reel to reel recording decks for commercial recording
carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically
question 1the smith corporation is a shoe-maker producing shoes branded p while its competitor produces shoes branded
The text offers two reasons why private investment might be better for poor countries than assistance tendered by foreign governments or international agencies. One is that technical assistance often comes along with private investment as part of the..
Why would the government impose a price floor to subsidize a farmer? How is a shift in the demand curve dissimilar than a movement along the demand curve? Name the kind of legislation that is used to prevent too much market power (used to break up mo..
Explain why market power leads to a deadweight loss. Is the total deadweight loss from market power for the economy large or small. A student argues, "If a monopolist finds a way of producing a good at lower cost, he will not lower his price. Becau..
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