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!
Suppose a company that uses two inputs. The quantity used of input 1 is denoted by x_1 and the quantity used of input 2 is denoted through x_2. The firm produces and sells one good using the production function f(x_1,x_2)=4x_1^0.5+3x_2^0.5. The final good is sold at price P=$10. The prices of inputs 1 and 2 are w_1=$2 and w_2=$3, respectively. The markets for the final good and both input goods are treated as competitive markets by the firm, that is, it takes prices as given.
e) Find the technical rate of substitution. Does the technology show diminishing technical rate of substitution? Explain.
Assume in the short run that x_2 is fixed at (x_2 ) ?=100.
f) Write down the firm's profit function and the firm's short run profit maximization problem. Find the firm's optimal use of input 1, the associated optimal quantity of the output, and the firm's profit level.
The Manager of your corporation pension fund is compensated based entirely on fund performance; he received over $1.2 million last year.
As the manager of exploration for Chieftain Oil & Gas, you are assessing a new offshore oil recovery method that will recover oil and gas deep in the Gulf of Mexico.
Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.
David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.
Rochester Metro Area was hit with a major ice storm in 2003. Suppose that before ice storm of 2003, the weekly demand and supply for ice in the Rochester Metro Area were given by following equations:
Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,
Determine what is Risky Behavior Amoung Youths in Behavioral Economics and explain how does it affect the economy?
Use the following information for a company's output at various levels of employment to compute: its marginal physical product of labor schedule; its schedule,
Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.
An economist had estimated sales trend line for the Sun Belt Toy Corporation as follows:
Two months before, the landlord of a car dealership significantly changed his sales manager's compensation plan. Under the old plan, the manager was paid a salary of $6000 every month
How could you assess which of the top 3-companies in an industry was best managed from a financial standpoint?
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