Reference no: EM131039950
Problem:
q(x1,x2) = x1^a(x2^b)
a) What kind of returns to scale does this technology exhibit?
b) Calculate the Conditional Input Demand for good 1, and good 2,
c) Find the cost function, as well as the marginal cost function.
d) Using the Sheppard's Lemma, find once again the conditional demand for inputs
e) Solve the profit maximization problem to find the Unconditional Input Demands,, in which P is the price the producer gets for the final good q.
f) Find the profit functionfor this technology.
g) Using the Envelop Theorem, find again the Unconditional Input Demand
h) Use Hotelling's Lemma to find the supply function
i) Use the perfect competition condition P = MC to once again find the supply function
|
Indifference curves and the budget line
: The curve that is traced out when we keep indifference curves and the budget line constant and change the price of good X is:
|
|
Making a decision to acquire bg enterprises
: In this assignment, Bigtime Conglomerate is making a decision to acquire BG Enterprises. The learner will review and modify, as necessary, the model for the Capital Budget and perform two sensitivity analyses of the data. The learner will write a ..
|
|
Determine the stage in the lifecycle for each country's
: Discuss reasons why the economic growth of China varies so markedly. How does trade influence the strength of the economy worldwide?
|
|
What is the general rule and ripeness doctrine
: What is the “general rule” that courts follow in deciding whether or not to entertain an appeal to an administrative agency’s decision or process? Discuss the reason(s) for the rule. What is meant by the “ripeness doctrine? What is the rationale for ..
|
|
Conditional input demand for good
: a) What kind of returns to scale does this technology exhibit? b) Calculate the Conditional Input Demand for good 1, and good 2, c) Find the cost function, as well as the marginal cost function.
|
|
Efforts to improve quality performance of your key suppliers
: You have been asked to lead your organization's efforts to improve the quality performance of your key suppliers. Please provide an overview of your strategy to improve supplier quality.
|
|
Long-run average cost curve
: Suppose Handel's Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be:
|
|
Does it bring good or harm to the third world countries
: Take a position about the globalization of trade in the world. Does it bring good or harm to the third world countries? Don't forget to refer to the videos.
|
|
Following information concerning three portfolios
: Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset: Portfolio|RP|sP|ßP X|16.0%|32%|1.90 Y|15.0|27|1.25 Z|7.3|17|.75 Market|11.3|22|1.00 Risk-free |5.8 |0|0 What is the Sharpe ratio, Treyno..
|