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!
A study of costs of electricity generation for a sample of 56 British firms in 1946-1947 yielded the following long-run cost function: 16AVC = 1.24 + .0033Q + .0000029Q2 - .000046QZ - .026Z + .00018Z2Where AVC = average variable costs of generation (i.e., working costs of generation), measured in pence per kilowatt-hour (kWh) (A pence was a British monetary unit equal, at that time, to 2 cents U.S.)Q = output, measured in millions of kWh per yearZ = plant size, measured in thousands of kilowattsa. Determine the long-run variable cost function for electricity generation.b. Determine the long-run marginal cost function for electricity generation.c. Holding plant size constant at 150,000, kilowatts, determine the short-run average variable cost and marginal cost functions for electricity generation.d. For a plant size equal to 150,000 kilowatts, determine the output level that minimizes short-run average variable costs.e. Determine the short-run average variable cost and marginal cost at the output level obtained in part (d).
If the bank maintains a reserve requirement of 2 percent, what is the maximum loan that the bank A can make b) what is the maximum amount by which the money supply can by increased as a result of bank A's new loan
What are the income effects from an increase in the price level, P, for a household that has a positive value of initial nominal bonds, B0, if B0 is zero or negative?
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
Low income housing or subsidized housing in urban economics and the paper must be atleastten pages long
What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives?
The inflation rate over a 10 year period for an item that now costs $1000 is shown below Year 1, 10% Year 2, 0% Year 3, 10% Year 4, 0% Year 5, 10% Year 6, 0% Year 7, 10% Year 8, 0% Year 9, 10% Year 10, 0% What will be the cost at the end of year 1..
Suppose that you are hired as consultant to a firm producing a therapeutic drug protected by a patent that gives a firm a monopoly in two markets. The drug can be transported between the two markets at no cost. The demand schedule in the first mar..
What is the group preference and what is the group choice according to the Borda count rule? Please justify your answers.
Select a product or service you use on a regular basis and discuss how the price you pay for that product or service is the result of a market economy. Discuss how the determination of the price for that same product or service would be set in a c..
Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $200 per month.
Briefly Explain how the Gross Domestic Product (GDP) affected the recession in the United States throughout the late President Bush and early President Obama years.
Suppose a second firm enters the market. Let Ql be the output of the first firm and Q2 be the output of the second. Market demand is now given by Ql + Q2 = 53-P Assuming that this second firm has the same costs as the first, write the profits of each..
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