Problems which lead to simultaneous linear equations

Assignment Help Business Economics

Reference no: EM13742971

The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:- There are two fields whose total area is 1800 square yards. One produces grain at the rate of 2/3 of a bushel per square yard while the other produces grain at the rate of 1/2 a bushel per square yard. If the total yield is 1100 bushels, what is the size of each field?

Reference no: EM13742971

Bidder on work contract may bid lower

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expec

Identify particular government regulation

Select a Government Regulation. Identify a particular government regulation of your choosing that in your opinion has either been successful or a failure. Briefly state the or

What share of the stimulus did economist assume was spent

An economist published a research paper arguing that the multiplier from a proposed fiscal stimulus of 25,000,000 will be 1.5. in other words the ratio of the total economic i

Difference between absolute advantage-comparative advantage

Explain the difference between absolute advantage and comparative advantage. Why is international trade theory based on the latter? Be sure to contrast trade theory with the e

What is the socially optimal tax on private supply

Suppose you are studying the recent rise in shale energy. You know the inverse private demand function for shale energy is P = 100 - Qd. The private supply of shale energy is

Illustrate at what level of l do diminishing marginal return

Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing r

Manufactures a variety of frisbees selling

The Future Flight Corporation manufactures a variety of frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Fligh

Marginal rate of technical substitution of labor for capital

Suppose we are given the firm’s marginal rate of technical substitution of labor for capital at the combination of labor and capital firm currently uses. Can we determine the

Reviews

Write a Review

Message

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!

Submit Assignment

User Account

All Pages