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!
Chocolate-R-Us produces chocolate santas using the production function: Q=2k1/2 L1/2 where K is the amount of capital and L is the amount of labor used in the process. Assume that the price of capital is r and the wage rate is w.
a. Find the firm's long-run cost function, C(w,r,q).
b. Suppose the capital is fixed at 10 units in the short-run. What is the firm's shortrun cost function? Calculate marginal cost, average variable cost, and average fixed cost.
c. Illustrate on an isoquant/isocost graph the difference between your answers to part a and b. Explain intuitively why long run costs should always be lower than shortrun costs.
(40%) Bubba Wildcat has the opportunity to buy a tract of land under which he believes there is oil with 0.40 probability and natural gas with .60 probability. After buying the land he can choose to make a test drill for $10,000 to gather more inform..
Create a 700- to 1,000-word report in which you describe the employment issues presented in the scenario. Cite a minimum of three peer-reviewed references.
Assume that the treasury is currently running large surpluses (tax collections exceed new government spending). On a S/D diagram show the effect on Treasury Bond markets of using these surpluses to buy back outstanding treasury securities.
The aggregate demand for good X is Q = 20 - P. If the price rises from P = $4 to P = $5, what is the change in consumer surplus?
With respect to market forces and/or labor markets that determine peoples' wages, which of the following is a true statement?
a study of costs of electricity generation for a sample of 56 british firms in 1946-1947 yielded the following long-run
Show that the probability of the union of events A and B can be written as follows: P(AUB)=P(A)+P(B)[1-P(A|B)]
An article in the Economist magazine discussing MOOCs observed: "Though marginal costs are low, designing enticing online material is costly." Why would the marginal costs of offering a MOOC be low? What is the relationship between the marginal co..
What is the relationship between productivity and the cost of production, and how does the cost of production vary over the short- and long-run?
What role do you think price levels play on consumption and AD? What would be the effects of increased saving and decreased consumption on the aggregate demand?
Why was/were the firms investigated for antitrust behavior - Identify some of the costs (pecuniary and nonpecuniary) associated with the antitrust behavior
there are probably a thousand macro economic indicators some measure the overall national economy some are more
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