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Find (all) the partial derivatives (e.g. ?u/?x and ?u/?y) of the following functions:
1. Q(p,I) = 300 - 3p - 4I
2. u(x,y) = 10xy
3. u(x,y) = ax? y?
4. z = (x+y)2
5. z = 2x3-11x2y +3y2
Suppose that in the beginning of the year, the exchange rate between US-dollar and the euro is exactly 2 $/EURO. At that time, a one-year US treasury bill yield an interest rate of 5%, while a similar German treasury bill yield 3%.
two people live alone in isolated regions, have the same resources, grow potaotes and chickens, if one devotes resources to growing potatoes they raise 200 lbs a year. if they grow chickens they raise 50 a year. if they apportions some resourcs to ..
Jeff owns a garage and has 3 mechanics to help him. With the tools used being fixed in the short run, his production function is given by 5 + 2L = Y , where L is the number of mechanics and Y is the number of cars they can fix. If Jeff hires a fou..
Assume that government ownership doesn't affect the cost of supplying gas. If the government's objective is to maximize the net benefit (social welfare) to the community as a whole, what price should be set
Suppose that you are currently working for a firm dealing with international business. The firm expects to receive 1 million euro 90 days from now and 3 million Mexican pesos 6 months from now. Your boss in the U.S. is worried that exchange rates.
Amber City borrowed $1,000,000 secured by a 5-year mortgage note. The cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmental..
How to find equilibrium GDP with various tax rates How do put these equations together to figure this outGovernment purchases, taxes and net exports are all zero.
Suppose that a monopolists market demand is given by P = 100 - ?2Q and that marginal cost is given by MC = Q/2. a)Calculate the profit-maximizing monopoly price and quantity. b)Calculate the price and quantity that arise under perfect competition wit..
Two equal-sized newspapers have overlap circulation of 10% (10% of the subscribers subscribe to both newspapers). Advertisers are willing to pay $10 to advertise in one newspaper but only $19 to advertise in both, because they're unwilling to pay ..
An electronics firm invested $60000 in a precision inspection device. It cost $4000 to operate and maintain in the first year and $3000 in each later year. At the end of 4 years, the firm changed their inspection procedure
Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $10, the cost of mowing the second lawn is $12, and the cost of mowing the third lawn is $15. His producer surplus on the first three lawns of the day is $53
Assume that the price index is one hundred and a typical basket of goods and services cost $8. Within the basket, you had four hamburgers and 3 hot dogs.
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