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!
Suppose that a firm's cost per unit of labor (w) is $30 per day and its cost per unit of capital (r) is $50 per day.
a. Draw the isocost line for a total cost per day of $15,000. (Base case) and Draw the isoquant curve when this firm is producing efficiently, assuming output is 100 units. What are the maximum amount of K and L possibly used to produce 100 units?
b. If the price of capital decreases to $40 and other things remain constant, show the effect of a decrease in price on the producer's equilibrium. What are the new K and new L?
c. If the total cost increases to $30,000, other things remain constant, please draw the new isocost line and new isoquant curve, compared to part a.
d. What is the condition for cost minimization of inputs to produce100 units of output?
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. What is the maximum sto..
What is the Federal Reserve (Fed) all about? Which Federal Reserve District Bank is closest to you? Who is the current Chairman of the Fed?
Describe the two major types of administrative agencies: executive and independent. Why is it important to have independent agencies?
What are the major categories of “investment” expenditure in the GDP accounts? What are “transfer” expenditures of governments? Why aren’t they included as part of “government spending” in calculating GDP? Why aren’t “intermediate” goods purchases by..
Nancy’s Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $31,000 per year. Nancy can buy a used truck for $9,500 that will be adequate for the next 3 years. Operating and maintenance costs are estimated to..
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition. Do you agree. Why.
Class...Most economists including John Keynes prefer inflation to deflation. But, at the same time, Keynes recognized the dangers of inflation and suggests that it should not go out of control since hyperinflation can be extremely bad. What would you..
After a cyclone banana crops have been destroyed, in response to damaged crops banana prices increased from $2 to $15. How do you expect the Banana market to adjust in the long-run?
q.mccullough has a monopoly on rental dwellings in the local community. the demand for rental dwellings is p 1400 -
Estimate the regression coefficients using ordinary least squares also interpret them. Predict the weekly sales for a store with 10 feet of shelf space situated at the back of the aisle.
Describe a situation where the presence of multicollinearity would not necessarily be a bad thing. Explain your rationale. Describe a situation where multicollinearity would definitely be a bad thing and recommend remedial measures for the situation ..
Two widows, Rosie and Ethel, have identical preferences, and identical wage rates. Rosie has no non-labor income but Ethel receives an income from her late husband's pension. Assuming that leisure is a normal good, who will work more hours?
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