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 firm purchases capital and labour in compeitive markets at prices of r= $6/machine-hour and w=$4/ labour-hours, respectively. With the firm's current input mix, the marginal prodcut of capital is 12 kg/ machine-hour and the marginal product of labour is 18kg/ labour-hour. Is this firm minimizing its costs? If so, explain how you know, If not, explain what the firm ought to do.
According to the neo-classical theory of wage setting, discrimination should be gradually weeded out of the labour market. Explain why this should be the case according to that theory. Discrimination, however, seems to endure.
At the end of 2006 an expert economist from the Global Economic Institute in Kiel, Germany, predicted a drop in the value of the dollar against the euro of 10% over the next 5 years. If the exchange rate was $1.27 to 1 euro on November 5, 2007.
when he purchased his home, al silva borrowed $280,000 at 10% interest to be repaid in 25 equal end-of-year payments. After making 10 payments, Al found he could refinance the balance due on his loan at 9% interest for the remaining 15 years.
As a budding entrepreneur, you have purchased a small bakery. You have engaged in a market study to categorize your customers' willingness to pay for a donut/coffee combo into 9 equal sized groups: ($3.00, $2.75, $2.50, $2.25, $2.00, $1.75, $1.50,..
The second largest public utility in the nation is the sole provider of electricity in 32 counties of southern Florida. To meet the monthly demand for electricity in these counties, which is given by the inverse demand function P = 1000 - 5Q.
Calculate the change in u (ut - ut-1) for each of the following values of gyt: 5%, 7%, 9%. How much has output growth increased? What happens to the change in unemployment due to this increase.
Consider the production function in Learning- By-Doing Exercise 7.6: Q = L + K + M.For this production function, the marginal products of labor, capital, and materials are MPL = 1/(2 L), MPK = 1/(2 K), and MPM = 1/(2 M).
The price of a good to be sold by a Monopoly is $0.50. The market has an elasticity of demand (n) of 5. a. What is the mark-up and what is the Marginal cost b. What would this look like for a perfectly competitive market
The mayor decides how long each fireworks show will last each year. This year, she has a new plan: each of the 20 town citizens will send in their marginal utility of a minute of fireworks to the mayor who will then compute the optimal amount of fi..
Using the tools during development will reduce the MCS projects' Language and Toolset Experience rating from Nominal to Low. During maintenance, the experience with the tools will return the rating to Nominal. The cost of the tools is $500K.
There are six equally productive individuals on the island. Each person can gather 25 coconuts in one day or build one hut in a day. a) Draw the production possibilities frontier of the trade off between coconuts and huts.
Suppose the hourly wage is $10 and the price of each unit of capital is $25. The price of output is constant at $50 per unit. The production function is F(L,K)=L^1/2*K^1/2 If the current capital stock is fixed at 1,600 units, how much labor should..
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