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!
With the following condition: UxxUx^2-2UxyYxUy+uyyUy^2<0 check the convexity of the indifference curves for each of the following functions and describe the precise relationship between diminishing marginal utility and quasi-concavity for each case.
A. U(x,y)=3x+y
B.U(x,y)=(x.y)^1/2
C.U(x,y)=(x)^1/2+y
D.U(x,y)=(x^2-y^2)^1/2
E.U(x,y)=(xy)/(x+y)
(^1/2 used inplace for square root)
54. Explanation
Suppose there are two firms in an industry with marginal abatement cost curves:
MACA= 1,200-2EA
MACB= 800-2EB
If the regulator wants to use a transferable emission permit scheme to achieve industry abatement of 50%:
a. How many permits will it need to issue?
b. If each firm receives one -half of the permits at no charge initially, explain what permit trading will take place and calculate the total compliance cost of each firm under this form of regulation.
c. Compute gains of each party from the TEPs
Provide a cost-benefit analysis for a company that has to decide whether to hire more staff or hire temporary workers to meet production schedules.
Explain how would the competitive balance in the American and National Leagues change if baseball owners forced the Yankees to move to Albuquerque, New Mexico.
Why do you believe that it is important for managers to understand both short run and long run supply and demand? Cite one hypothetical or real life example that illustrates your response.
Why are savings and investment so important for economic growth? How do savings and investment affect present and future consumption? Explain. How does the Production Possibly Curve behavior when the economy is growing and when the economy is sinking..
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
evaluate a plan designed to cut costs. Under plan, workers would be paid a fixed rate of $8/hour. Would you favour plan, Explain.
illustrate what you observed in this company to your own work experiences.
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
q.rafidah was earning 100000 a year working as a scientist for a drug company. she decided to start her own business
To reduce Agency Problems, executive compensation should be designed to.
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using e..
What happens to the demand for beer if consumer income rises by 5%? Be specific. Is beer a normal or inferior good? Explain.
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