Qconsider an economy where there are n consumers each of

Assignment Help Business Economics
Reference no: EM13353760

Q. Consider an economy where there are N consumers, each of them having one unit of available time. There is a representative rm that has a Cobb-Douglas production technology of the form Y = zF (K; N). There is no government.

(a) Suppose Y = zK^1/3N^2/3 Derive an expression that relates K and K'. What is its economic interpretation?

(b) Using your answer from part (a), derive an expression that relates k and k

 

 

Reference no: EM13353760

Questions Cloud

Q1 when you were a child living at home your parents or : q1. when you were a child living at home your parents or guardians paid for the food utilities and clothes that you
Q1 to calculate the program suppose she runs up a flight of : q1. to calculate the program suppose she runs up a flight of 85 steps each 0.150 m high in 69.0 s. for ease ignore an
Qsuppose there are two types of workers high ability and : q.suppose there are two types of workers high ability and low ability. the training program costs 15000 per year for
Q1 a swimming pool has dimensions 280 m 70 m and a flat : q1. a swimming pool has dimensions 28.0 m 7.0 m and a flat bottom. the pool is filled to a depth of 1.90 m with fresh
Qconsider an economy where there are n consumers each of : q.consider an economy where there are n consumers each of them having one unit of available time. there is a
Q1 a fan at a rock concert is 30 m from the stage where : q1. a fan at a rock concert is 30 m from the stage where sound intensity level is 110 db. her eardrums have the
Q1 suppose the environmental standard is too stringent what : q1. suppose the environmental standard is too stringent. what does this imply about the relationship between the msc
Q1 a tank with a volume of 0150 m contains 270 degrees : q1. a tank with a volume of 0.150 m contains 27.0 degrees celsius helium gas at a pressure of 100 atm. how many
Qassume that the following asset values in millions of : q.assume that the following asset values in millions of dollars exist in ironmaniacategory value federal reserve notes

Reviews

Write a Review

Business Economics Questions & Answers

  Explain why this is or is not a logical decision

In fact, an insurance agent explains that he is always true. Nevertheless, the engineer buys fire insurance. Explain why this is or is not a logical decision.

  America''s 12-year great depression

Eighty five years ago, America's 12-year Great Depression began with a crash. The bottom fell out of the stock market on October 24, 1929, signaling the start of the longest and deepest economic decline in the nation's history. Could the crash happen..

  Determine the conditions that may exist for a manager

Determine the conditions that may exist for a manager of this good or service may decide to move forward with operations even with the initial costs of operations is more than the potential revenue.

  Determinant of demand changes in the personal computer

Which determinant of demand changes in the personal Computer marketplace as more persons become interested

  Compute the standard deviation of the returns on the portfo

Compute the expected return on portfoliob) compute the standard deviation of the returns on the portfolio assuming that the two stocks returns are perfectly positively correlatedc) compute the standard deviation of the returns on the portfolio assumi..

  Elucidate implicit costs and the business profit

A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.

  What is optimal strategy

if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.

  Elucidate what economic factors may influence

Assuming that this is rational behaviour by profit-maximizing "firms" elucidate what economic factors may influence such behaviour.

  What would the four-firm concentration ratio be

what is the largest value that the Herfindahl index could possibly take for car dealers in your area? In that same situation, what would the four-firm concentration ratio be?

  Major employer in a small town

A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.

  What would you do to stimulate the us economy

If you had the power of the President, Congress, and the Federal Reserve, what would you do to stimulate the U.S. economy which is barely growing?

  What is firms and concentration ratio

Illustrate what is the name of this type of industry. What is firms and concentration ratio.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd