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Consider the problem of maximizing x subject to the constraint that x2 ≤ 0. Show that there exists a unique solution to this problem, but there exists no Lagrange multiplier. Show that this is because the Slater condition is not satisfied.
Calculate the yearly nominal IRR received by the company and accepts the credit insurance (life and disability). Loan amount: $2000 APR 19.95% Finance charge: $594.25 Total of payments: $2730.50
Calculate the optimal amount of pretzels and soft drinks that minimizes this firm's costs and how many frames do you provide each month?
The cross elasticity of demand for Ziggles and Wonkers equals 3.6. Are they substitutes or complements The cross elasticity of demand for Frizzles and Fuzztops equals -5.1. Are they substitutes or complements
Economic growth, as examined through raise in real GDP per capita, is a target for most countries. This is often interpreted as an raise in economic welfare for citizens.
Calculate a new consumer price index for the data in the following exhibit. Assume that current-year prices of Twinkies, fuel oil, and cable TV are $0.95/package, $1.25/gallon, and $15.00/month, respectively.
"Because of economics of scale, it is sometimes more cost effective for a firm to operate a large plant at less than maximum efficiency than a small plant at maximum efficiency". Do you agree with this statement? Explain.
Consider an increase in the lump sum transfer T. Use theconcepts of income and substitution effects to explain why an increase in the lump sum transfer will reduce the amount of labor supplied.
Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is contracted out to maintenance firms, and both technology and labor requirements are very basic. Supply and demand conditions in this..
Suppose income declines by 2.85%, how much do I have to cut value in order to maintain existing customers and it begins with being given a regression analysis that has the following:
Suppose that we randomly select a recent graduate of the University of Virginia graduate school of business. This school has a recruiter assessment score of 4.1 and an out- of- state tuition and fees of $ 43,000. Predict the average starting salar..
office building maintenance plans call for the stripping, waxing and buffing of cereamic floor tiles. this work is contracted out to maintenance firms and both technology and labor requirements are very basic. qs=2p-20 and qd=80=2p algebraically
A local general motors car dealer is offering special financing on its new hybrid cars. The cost of car is $20,000 and the car loan is only 3% for three years paid monthly as follows: money of the car=$20,000 3 years interest3%=$1800 36 monthly pay..
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