Suppose that nadine has a production function

Assignment Help Macroeconomics
Reference no: EM131281745

Suppose that Nadine has a production function 4x1 + x2. If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output?

Reference no: EM131281745

Questions Cloud

Determining the moral hazard : "Moral hazard" is a term often used in the context of peoples' behavior once they have insurance. Szuchman and Anderson explore the idea of moral hazard in personal relationships. How would you define moral hazard? Provide an example of moral h..
Investments in the economy : Beth plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.
State the name of exhibition in which the work was displayed : State the title, artist, date, dimensions, and medium of the work of art. State the name of the exhibition in which the work was displayed. Introduce the reader to the work of art by writing a brief, overall description of it.
Define the in phase component and the quadrature component : Define the in-phase component and the quadrature component HQ(f) the frequency response of the complex low-pass equivalent model of a band-pass system of impulse response h(t).
Suppose that nadine has a production function : Suppose that Nadine has a production function 4x1 + x2. If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output?
Address how the fema adopted an all-hands approach : Address how the Federal Emergency Management Agency (FEMA) adopted an "all-hands" approach to evaluating, planning, assisting, and recovering from terrorist attacks.
Factor employment condition for a price-taking : Why ismrp a =h a the Factor Employment Condition for a price-taking firm in theinput market? What if the firm is not a price-taker in the product market? Is this condition sufficient, or are there other subsidiary conditions that must be met?
How you would use control mechanisms in a shopping center : Describe how you would use control mechanisms in a shopping center to assist with a pre-attack threat assessment. Why is it, or is it not, important to utilize risk communications?
Describe the requirements of an osha compliant ppe hazard : The OSHA personal protective equipment (PPE) standard requires that employers conduct a hazard assessment as part of their PPE program. Describe the requirements of an OSHA compliant PPE hazard assessment.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Number of hours he would like to have for leisure

Showthat, no matter what Terry's wage rate, the optimal number ofhours of leisure that he consumes is always the same. What is the number of hours he would like to have for leisure?

  Statements relate to the ad-as model

Describe how the following statements relate to the AD-AS model

  Determine the long equilibrium output and the selling price

Suppose that two companies are duopolists that produce identical products. Demand for the products is given by following linear demand function:

  What are the three macroeconomic goals

What are the three Macroeconomic goals? Discuss the framework of Macroeconomics- what model does it use to explain changes in GDP, unemployment, and the price level?

  Obesity in the u.s.

Macroeconomic studies would be more interested in the trend in overweight and obesity in the U.S. and other OECD countries rather than the percent of public spending on health care.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Show how to find equilibrium in an rc model

Show how to find equilibrium in an RC model? What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the RC model.

  Individual annual salaries

Christine and peter earn a combine annual income of $190,500. If christine earns $30,500 per year more than peter, what are their individual annual salaries? Please set up and solve this problem following the steps below:

  Calculate the labor rate also efficiency variances for the m

Calculate the labor rate also efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Loring.

  Preferential trade arrangement

Define, explain the differences between, and give an example of

  Find the expected return of a portfolio

1. Suppose that Citigroup (C) has an expected return of 14%, while McDonald's (MCD) has an expected return of 8%. Find the expected return of a portfolio consisting of 75% C and 25% MCD. Show work and do not round.

  Who benefits and who loses from protectionist policesies

Who benefits and who loses from protectionist policesies? - industries that use trade protected goods and inputs -trade protected industries.

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