## theory of profit, Microeconomics

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theory of profit

#### Calculate the elasticity of pollution demand, 1.  The marginal benefit (dem...

1.  The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons.  The current emissions tax (price) for pollution is \$40/ton.  Regu

#### Coefficient of the explanatory variable, Problem: (a) Why is an error t...

Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl

#### #titlecosumer;s choise involving risk.., #question.describing risk,preferen...

#question.describing risk,preference towards risk, the demand for risky assest.

#### Scitovosky"s double criterion, describe scitovosky''s double criterion

describe scitovosky''s double criterion

#### What is the short run demand curve, A firm has a short-run production funct...

A firm has a short-run production function defined by:  Q = -. 02L 2 + 8L What  is  the short  run demand curve  for  labour  (L) in terms of  the market wage  rate  (w), if

#### Consumer equilibrium, what is equilibrium

what is equilibrium

#### #theory of consumer., Ask question #what is an indifference curveMinimum 10...

Ask question #what is an indifference curveMinimum 100 words accepted#

#### Indefference curve, Give a critique of indifference curve

Give a critique of indifference curve

#### Describe the income and cross elasticity of demand, Problem: a. With th...

Problem: a. With the help of diagrams, describe how the price and quantity of potatoes will change under the different circumstances: (i) A severe drought affecting its pro

#### Production, Suppose that a firm’s production function is given by Q=30L-3L2...

Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produc