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!
Question: A firm uses a production function of the form Y=z*K^0.33*Nd^0.67 and chooses labor input Nd to maximize profits taking the wage rate w that it pays per unit of labor as given. First, write down the profit function of the firm. Assume z=10, K=100, and wage w = $20.
a) Solve for optimal labor demand Nd* of this firm. Nd* =
b) The government now introduces a wage subsidy to help out the firm. The wage subsidy s = $4 per unit of work. Given this subsidy solve for the new optimal output level of the firm. Y* =
c) Calculate the marginal product of labor at Nd = 3.
d) Calculate the marginal product of labor at the optimum, i.e. at Nd*.
Henceforth, assume that valuations for the classrooms are independent and private to each academic department. Explain the coordinator, in plain simple english.
The assignment question from economics and it is deals with competition among firms in an industry, the concepts of oligopoly, price determination, elasticity of demand, application of game theory by firms, etc.
What do you consider to be biggest challenge or largest obstacle that must be overcome? Would this challenge, or obstacle, be same for all international market?
What are the primary concerns related to child labor practices from an Economics perspective? Briefly discuss how each argument is wrong
Suppose that the external marginal benefit of the defensive driving course is $5. Calculate the socially efficient equilibrium
Consider an electric company that generates atmospheric pollution. Suppose the Government imposes a tax directly on the sellers of electricity. Consider the market education. Let the Government provide a subsidy to the students. This policy will hav..
How do Measures of Central Tendency differ from Measures of Variability.Why is Correlation important in statistics?
Look at the data on quarterly real GDP growth from 1999 through 2001 and then from 2007 through 2009. Which recession has larger negative values for GDP growth, the recession centered on 2000 or the recession centered on 2008?
Describe and explain overall wage trends in the US and describe and explain trends in income disparity in the US.
Illustrate the above relationship between income and savings rate using a graph with income on the x-axis and total savings on the y-axis. B). Will a government policy to redistribute income to achieve less income inequality potentially help or hurt ..
To what extent is the economic crisis a global phenomenon? What are the main impacts of the economic crisis on the leisure industries?
Consider an economy with two individuals and two goods. Preferences are Leontief and in particular, u1(x, y) = min{2x, y} and u2(x, y) = min{x, 2y}.
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