Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”, on the axes) for the production of three different quantities of ditches. Do they have a “funny” shape?
a) Now consider one such ditch-digging firm that has five backhoes but employs six backhoe operators. Can you explain why this might make sense?
(Hint: think about whether/how the marginal product of the sixth backhoe operator could be positive)
b) Now suppose you see another ditch-digging firm that has seven backhoes but employs six backhoe operators. How could this make sense?
Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition.
What kind of crisis was Latvia experiencing in 2008, a currency crisis, a banking crisis, or a debt crisis? If the IMF had not stepped in with support, what do you think might have occurred?
If Net Investment = 0 that means that we have neither lost nor gained capital in a given year. What is wrong with that? Why is structural unemployment a greater problem for older workers than it might be for younger workers? Economic growth is not re..
Chris is renting a house, and it does not have a refrigerator. A refrigerator is worth $2 every day because Chris will eat out less. Chris has a discount rate of 20 percent. Refrigerators usually last five years. How much is Chris willing to spend on..
general instructions the modeling project for this course is intended to give you hands on experience to construct an
when the price of a good is 5 the quantity demanded is 100 units per month when the price is 7 the quantity demanded is
The estate tax attempts to promote equity in the distribution of income and wealth by: A speculative bubble occurs when: A progressive tax is a tax that: Expansionary monetary and fiscal policies are used by policy makers in a recession to: The socia..
what effect should each of the following have upon the demand for portable music players in a competitive market?
A monopolistic firm faces the following demand curve. Q = 7800 -12 P This monopoly's cost function has been estimated as follows: TC = 460,000 + 50 Q What price should this monopoly charge to maximize its profit? What would be its equilibrium profit?..
In a diagram, show how the central bank maintain the par value of an under-valued exchange rate in a fixed exchange rate currency regime. Provide a short explanation.
andy and beth are neighbors in a small duplex. in the evenings after work andy enjoys practicing the tuba while beth
Six months after you take over the lead IT management role at Magnum
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd