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A firm uses two variable factors and a production function of f(x,y) = (2x + 4y)^.5
a. Write down an equation describing the firm’s map of isoquants
b. If the price of output is $4, the price of factor x is w = $2, and the price of factor y is z = $3, what would be the profit maximizing amount of factor x and y.
c. Write down the demand function for factors x and y for any output price p, and factor prices, w and z.
Is technology the critical driver of globalization? What is the nature of this argument conceived by: liberalism, mercantilism, and Marxism?
Assume that you agree with a venture capitalist that you will pay her $1.557 million 3.5 years from now for her investment in your invention. She requires you to set aside an amount of money semi-annually, starting now, to ensure for the $1.557 milli..
Find the Herfindahl index for an industry composed of (a) three firms- one with 70 percent of the market, and the other tow with 20 and 10 percent of the market
Please make a table in the above form but showing FC (fixed cost), VC (variable cost), AC (average cost), MC (marginal cost), MR (marginal revenue) and find the profit maximizing level of output.
Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response. Develop two or three best practices to help mitigate the error(s) you identified above...
Describe what observations and decisions might be made based on comparative labor costs. What countries, based on labor costs alone, might seem best to lower labor costs.
By mid-2009, U.S. investment expenditure had fallen to $1.5 trillion and the real interest rate had risen to 4.5% per year. What caused the collapse of investment and the rise in the real interest rate?
An economist has predicted that for the next 5 years the U.S. will have an 8% annual inflation rate, followed by 5 year at a 6% inflation rate. this is equivalent to what average price change per year for the entire 10-year period?
Illustrate what problems would occur if the managers of each division were given incentives to maximize each division's profit separately.
How is the fact that more low-income families are sending daughters, rather than sons, to college likely affecting the female income gap in the future? Why do you think economists argue that the female wage gap will not entirely disappear unless wome..
q.a mechanical engineer who recently graduated with a masters degree is contemplating starting his own commercial
Inflation is not the result but the cause of monetary emission. As there's inflation (because of other reasons not important here), people need more money and the central bank needs to print more money. How can you argue against that? As it seems to ..
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