Explain how much shelter

Assignment Help Business Economics
Reference no: EM138240

Q1. Suppose we use two inputs, let's say capital and labor, and the price of capital is Pk and the price of labor is Pl. If we want to know the optimal input combination in the long run, what condition must be met?

Q2. If the consumer budget constraint is given by 4F + 1 S = 994, where F is food and S is shelter, Explain how much shelter can she buy if she purchases 2 units of food? (Round your answer to 1 decimal point)

Reference no: EM138240

Questions Cloud

Given the annual information : Given the following annual information about a hypothetical country, answer questions a through d
Government charges for electricity : Show the effect of an increase in the price that the government charges for electricity.
An increase in autonomous investment : An increase in autonomous investment will cause equilibrium output to increase
Grade point average : Suppose at Columbia University, grade point average (GPA) and SAT scores are related by the conditional expectation
Explain how much shelter : Explain how much shelter can she buy if she purchases 2 units of food.
Average income in the town increases : If the average income in the town increases to 15, solve for the new equilibrium Quantity and equilibrium Pb.
Sql questions : Write a query to display using the employees table the EMPLOYEE_ID, FIRST_NAME, LAST_NAME and HIRE_DATE of every employee who was hired after to 1 January, 1995.
Case study : Case Study: The following capital structure is taken from Bata Boots Co. balance sheet for the fiscal year ended April 30, 2005.  This is considered the firm’s optimal capital structure.
Interest equivalent factor : Interest equivalent factor,  Lori Stratton is considering investing in a bond that provides a yield of 8.35 percent or a preferred share with a yield of 7.09 percent. Lori lives in Ontario and at her level of taxable income, the federal tax rate is ..

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate impossible trinity refers to which idea

The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.

  Long-run equilibrium

Explain how the U.S. economy may self-correct back to the long-run equilibrium where actual GDP equals to full GDP and there is full employment.

  Combination of monetary and fiscal policy

If policymakers want to reach full employment while maintaining balanced trade, what combination of monetary and fiscal policy should they use.

  Technically efficient in production

Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.

  Federal reserve adopts a restrictive monetary policy

If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.

  Congresswoman gaga represents a state

Congresswoman Gaga represents a state in which several firms fabricate furniture. She needs to impose tariffs on all imported furniture.

  Annual percentage change in velocity

What would the annual percentage change in velocity have to be on average for the quantity theory to hold.

  Restrictions on the parameters

What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.

  Impact of transportation costs

What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.

  Effect on total revenue

Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year.

  Taxable income report on tax return

Based on the IRS actuarial table, Mario has a life expectancy of 20 years. If Mario receives 12 monthly payments of $1000 the first year, how much taxable income must he report on his tax return.

  General pattern of the us income distribution

What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd