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Consider the following technology F(K,L) = (AK^?)(L^(1??)) where K is the level of capital, L is the level of labor or hours worked, A is a efficiency parameter and ? (0, 1)
(a) Write down the firms problem in the long-run. Note the price for capital and labor are respectively, r and w. (Normalize the price of output to be 1 so that w and r are in real terms).
(b) Does this production function depict constant return to scale? Prove it.
(c) What are the marginal productivities of capital and labor? Are they decreasing in each factor?
(d) What is the labor share and capital share of output?
how do you find the concentraton of an isotope from its molarity and molecular weight with no other factors
Solve for equilibrium output. Illustrate the equilibrium in the ISLM diagram. What is the value of the multiplier Now let investment depend on both sales and the interest rate: I=b0+b1Y-b2i b. Solve for the equilibrium output (assume c1+b1
Prepare a draft report to the board of directors which identifies and briefly explains and four main factors to be considered when deciding on the appropriate mix of short, medium or long-term debt finance for Source Ltd.
The annual growth rate for the population in the state of West Virginia is one of the nation's lowest at 0.30%. Why do you think other states, for example, Virginia, have nearly four times this growth rate
Show a series of reactions by which acetylene and an alkyl halide could be converted into 2-pentanol. Show all steps and all needed reagents/conditions.
What is the relationship between financial decision making and risk and return? Would all financial managers view risk-return trade-off similarly?
Write and explain the definition of composition in C++ and how it is useful in writing object-oriented programming. Also, explain how it is different from inheritance and how both inheritance and composition are useful in developing object-oriente..
1-direct manipulation 2-menu selection 3-form fill-in 4-command language 5-natural language For each one,provide a software example you've used that utilizes it, and how it utilizes it and did the designer or the programer choose the correct style..
In 1993, Tim Berners-Lee created the Web and the bubble began. The bubble describes the amazing stock run of Internet companies, when their values soared to unbelievable and what were thought to be unattainable heights from 1993 to 2001.
Write a program that keeps an appointment calendar in a database.
Firm A has done a market study and knows whether demand is high or low, but Firm B does not. The two firms choose quantities simultaneously. Find the Bayes Nash equilibrium in this game.
The economy of Sonrisa has 1000 people in three income categories: poor, middle class, and rich. The poor ear $500 per year and have to spend it all to meet their consumption needs. The middle class earn $2,000 per year, of which $1,500 is spent a..
For the same loan described under Q1, the individual decides that instead of selling the house after the 71st payment, to keep it and shorten the pay off period by increasing the montly payment by $150 each month. What is the number of months re..
The three demand schedules in the table below show how many rounds of golf per year Lorena will demand at each price under three different scenarios. In scenario D1, Lorena's income is $50,000 per year and movies cost $9 each.
Assume that the company is currently producing 248 units of output per day using 2 units of X and 4 units of Y. The daily cost per unit of X is $135 and that of Y is also $135. Would you recommend a change in the present input combination.
now suppose the firm is able to charge an entry fee, as well as a price for every unit sold. What is the optimal entry fee, the price per unit, and the deadwight loss. Calculate them and show these on the graph below.
Chez Henri is a restaurant chain that operates in forty different cities. It employed an economist to determine the factors affecting the demand for its sales.
THis is question about a dominant firm competitive fringe model P=5000-Q
If Beth's greedy father imposes a charge of $2 per acre for use of the family mower, how will this affect Beth's marginal cost function How will it affect her profit-maximizing decision What will her profits be now How much will Beth's greedy fath..
what is the probability that it will be green?I did take one marble out of the bag; it was red. I set it aside. Now I am going to choose another marble at random. What is the probability that it will be green?
All the numbers after the x's are subscript. Y=13.20 + 2.10x1 +1.24x2 +0.62x3 where Y= monthly sales revenue (in $1,000's) x1= monthly advertising expenditure (in $100s) x2= (x1)^2 x3= a time trend x3=1 in month 1, x3=2 in month 2 etc.
Economists estimate that on weekends (thursday-sunday) the demand for your product is much higher than on the weekdays (monday-wednesday). On weekends. the inverse demand curve for a typical customer is P= 10 - 0.001Q
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