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At KFC the kitchen staff baked 96 chicken legs, 144 thighs, 224 wings how much platters can the staff make if they want the greatest number of chicken pieces on each platter
The costs of providing this consumer with insurance are CI(θ)= α + 2βθ where -0.5
A large processing plant is trying to decide between two air scrubbing units. The unit is required by clean air regulations and will be replaced by an identical unit of itself at the end of its useful life into the foreseeable future. Costs and be..
The marginal cost of the wholesaler is $2. It takes one unit of the input to produce one unit of the retailer's output and in addition to the price of the input the retailer has an additional marginal cost of $2. The retailer's demand curve is giv..
Suppose that demand for cartel's oil is given by P=50-.1Q where P is the price per barrel and Q is the quantity produced in barrels. If the cartel's aggregate marginal cost is given by MC= 10+0.2Q what is the cartel's profit maximizing price of oi..
A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm's total weekly output from 110 units to 111 units and caused the firm's weekly revenues to rise.
Suppose a consumer has wealth w and is considering investing some amount,x,in risky asset.This asset can earn a return of Rg(which is positive return and therefore a good outcome or Rb
Which of the four properties outlines in Section 6.3 would such indifference curves violate?
Does the result in part (a) allow you to conclude that there is a strong correlation between eccentricity andsmoothness? Explain.
Suppose that for the firm below, the goods market is perfectly competitive. The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor that this profit-maximizing firm will hire
Create a Laspeyres price index using June as the base period (that is, use Arnold's consumption bundle for June to create the fixed weights). How did his cost of living change according to this measure?
Demonstrate that the maximum likelihood estimator of p is m/n.
Calculate the equilibrium price and quantitiy in the chocolate market. How much does a firm of each type produce Calculate the consumer and producer surplus What is the producer surplus for an individual firm of each type
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