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Find the optimal quantity of labor supplied by a consumer who has a utility function for leisure (l) and “goods” (y) of U(l,y)=ln(l)+ln(y) , no non-labor income, a wage of 10, and 2000 hours of time.
Illustrate what does your anticipated adjustment process imply about the CR for the industry.
Using the normal distribution, find the probability that a population with a mean of 35 and a standard deviation of 8 will produce a sample mean of less 34 in a sample of size 64.
The demand function for a certain brand of CD is given by p=-.01x^2-.2x+11 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the producers' surplus if the market price is set at ..
Derive and plot Hugo"s Engel curve for donuts. Explain how much does his weekly budget have to rise for Hugo to buy one more donut per week.
q1. why would the following investment expenditures increase as the interest rate declines?a. purchases of a new plant
He finds which he is overworked also which several of his research scientists seems to be spending work hours playing tennis.
Find the optimal capital and labor inputs given the production function f (k, l) = ak + bl and that the output price is given by p, the rental price of capital is r and w is the wage.
q1. consider the economy as summarized by the above equations. assume which the mix of fiscal and monetary policies is
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
efficient markets hypothesis you invest 10000 in the market at the beginning of the year and by the end of the year
How does the adverse selection problem arise in the credit- card market? How do credit- card companies reduce the adverse selection problem that they face? To what complaint does this give rise?
q.let the inverse demand curve be d q 56 - 2q q q1 q2. costs for each firm are a constant variable cost of 2 a unit
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