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Assume an urban cluster's income (I) is given by the function I=4N-0.05N2, where N denotes the cluster's population in million. The cluster's diseconomies of aggregation (C) are given by C=0.5N2.
(a) Calculate the city's utility maximizing population.
(b) At this population, how large is the resulting utility, how large is the cost?
(c) Compute the resulting utility if the population were on million higher and one million lower than the optimum.
How much labor should the firm employ? What are its resulting output and profit? What effect will this have on the firm's optimal output? Explain.
q1. do you think that frustrates groups like the aspca who believe the wto is undermining their effort to make some us
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The cost of expanding trade credit using the approximation formula is less than the cost of the bank loan. However, the true cost of the trade credit when compounding is considered is greater than the cost of the bank loan.
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European retailers utilize a wide variety of government regulations to restrict entry.
the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
Elucidate why the boundaries of the firms that group members currently work for are dawn at their current limits, and consider whether there are opportunities to increase the returns generated for your firm's owners by a change to those vertical o..
what is the lowest amount of collateral that the bank should require to ensure that the firm will choose to proceed with the guaranteed project?
describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic.
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