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1. In arriving at the equation describing the motion of a vibrating string, the weight was assumed to be negligible. Include the weight of the string in the derivation and determine the describing equation. Classify the equation.
2. Derive the describing equation for a stretched string subject to gravity loading and viscous drag. Viscous drag per unit length of string may be expressed by c(∂u/∂t); the drag force is proportional to the velocity. Classify the resulting equation.
A cosmetic firm operating in a monopolistically competitive market environment spends a lot of money in advertisement and ends up with super-normal profit even in long run. Is it possible? Explain your answer in few words.
Do you agree with these senators that reducing barriers to trade reduces the number of jobs available to workers in the United States? Briefly explain.
Assuming that the levels of human capital and technology are constant, each 1% rise in physical per worker raises output per worker by 0.33% Suppose that physical capital per worker rises by 1.5% in a given year. Which one of the following best re..
(Actual Price Level Higher than Expected) Discuss some instances in your life when your actual production for short periods exceeded what you considered your potential production.Why does this occur only for brief periods?
Socially approved patterns of market behavior, governance, and obligation are deter-mined by culture, not universalist utility-maximizing. Why is this insight fundamental to understanding the diversity of economic systems?
Now let us characterize the explicit solution by guessing and verifying the form of the value function. In particular, make the following guess: V (x) = A log x, and using this form together with the first-order conditions, derive the explicit-for..
1. Suppose the inverse demand curve facing a firm is given by the linear equation P=64-8Q. What is the marginal revenue of the firm's 4th unit of output 2. Suppose the inverse demand curve facing a firm is given by the linear equation P=64-8Q.
A college student is considering whether to operate a lawn-mowing business for the summer or work in a business owned by his family. His time is worth $w1 per our and he can work as many hours as he chooses in the family business at this rate.
calculate the per capita, inflation-adjusted level of US federal spending for on-budget items only from 1980 to 2010. How has it changed? What factors might account for that change?
In a state-contingent income space, each person's indifference curves are generally bowed in toward the origin. Why does this imply that the person is risk averse?
A study of costs of electricity generation for a sample of 56 British firms in the 1946-1947 yielded the following long-run cost function: AVC = 1.24 +.0033Q + .0000029Q2 - .000046QZ - .026Z + .00018Z2 Where AVC = average variable cost (i.e., work..
an individual wishes to deposit an amount of money now and 100 every six months so that at the end of five years 1500
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