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Consider the production functionQ = 4K ^ (3/4) * L ^ (1/4)a. Find the gradient of Qb. Find the Hessian of Qc. Denote the initial K = 10,000 and L = 625. Consider an increase of K by ?K and similarly an increase of L by ?L. Find the Taylor approximation for this function. f(x + ?x) = f(x) + ?x^(T) * ∇f(x) + (1/2)?x^(T) * H(x)?x + o(k ?x k2)
Do you feel that it is possible to develop a universal set of ethical standards for business, or do you believe that cultural differences make universal standards impractical and/or impossible?
q1. would you advocate monetary restraint or stimulus for todays economy? who would disagree with you?q2. why is the
Two identical company's save money from polluting. A company's marginal savings from emitting an amount are given by 10 - 2e. The two firms differ in their impact on ambient pollution concentrations.
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
What is value of net domestic product. What is value of net investment.
Why these former employees faced difficulties because the market for their very technical skills was declining. These workers were.
Why do Senior citizens pay less than everyone else for admission to a movie, but pay the same as everyone else for movie-popcorn?
What are the implications of other nations acquiring a large amount of U.S. Treasury bills on the U.S. exchange rates?
What factors underlie whether specialization in production will be partial or complete on an international basis.
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of o..
Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
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