L'a i a b. Write the tangency condition for a minimum of long run total cost, LTCmin- C= 'WL+ rk ( W o el bns 82 bns SIa C. Use the tangency condition and the cost function to solve for optimal L* and K* as functions of C*= LTCmin, W, and r. L* =

Q: Suppose Interest rates are 3 percent in Japan and 6 percent in Canada. The current value of the exch...

A: The exchange rate (Yen per dollar) rises from 110 to 106.7. It is supposed to rise further to 110 du...

Q: h. Note that we have reset the Iplanned to 320. If autonomous consumer spending drops to $40 billion...

A: Introduction GDP, YD and AE of a country will be same. This is the total income of a country. Table ...

Q: Part B The equation of the demand function for luxury sparkling wine is given by QD = 1520 – 5P wher...

A: Tax refers to the collection of money by the government of a place to cover their expenditures relat...

Q: After 10 years, the public transportation remain unimproved. The modal split will also remain unchan...

A: The person trip demand will increase from 450 to 675 after 10 years. Capacity during peak period = 4...

Q: 2.10 APPLYING KEY CONCEPTS Mean curves. In each problem below, there is an explanation of something ...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: What is the economic advantage to a trade secret? Please explain why. Of the three valuation methods...

A: Economics is a branch of social science that studies the production, distribution, and consumption o...

Q: Galaxy, a multinational corporation, has two plants, one in the United States and the other in  Mexi...

A: Challenges of MNC(multinational companies) The MNC or international business operate in different co...

Q: With an estimated market share of 37%, Atlas is the dominant company and the price leader in an  oli...

A: Herfindahl-Hirschman Index "HHI" is the measurement of market concentration. It is computed by squar...

Q: C. DISTINGUISH BETWEEN THE NEO-CLASSICAL, FREE-MARKET THEORY WITH DEPENDENCY THEORY?

A: Free market theory: It deals with the economic system which is not under the control of the governme...

Q: This is a Solow model question. Suppose δ=0.1, s=0.4, K0 = 40, L0 = 10, AF(K,L) = K1/2L1/2, and ther...

A: Y = K0.5 L0.5  δ=0.1, s=0.4, K0 = 40, L0 = 10 k0 = K0/L0 = 4

Q: Which of the following is likely to hurt the success of a cartel? - the market demand faced by the ...

A: In an oligopoly, a cartel refers to a group of firms that comes together and forms a group rather th...

Q: The data below are from the economies of Ishgandar and Nonburmia. Ishgandar         Nonburmia       ...

A: Inflation rate is the rate at which average price level is increasing in the economy.

Q: 1. What cuve connects A,B and C 2. Is good 1/2 a gross compliment/gross substitute to good 1/2 (Pic...

A: Here in the above diagram, the straight line shows the budget constraint of the consumer. The curve ...

Q: Deadweight loss under first-degree (perfect) price discrimination is: O Varies depending on the shap...

A: Concept: 1) A deadweight loss is a cost to the society which is created due to market inefficiency t...

Q: What is a dominant strategy? the strategy that results from collusion in an industry the strategy th...

A: Nash equilibrium can still occur when players do not have any dominant strategy.

Q: How many Nash equilibria does this game have? hand written plzz

A: Nash equilibrium is states that the no player has an incentive to deviate from their strategy.

Q: A set of Wire Bond machine costs $500,000. This amount includes freight and installation charges est...

A:

Q: 1: Aggregate expenditure and Equilibrium output. Assume the following Consumption function (C) = 500...

A: At equilibrium, aggregate income is the sum of consumption, investment, government spending and net ...

Q: Which of the following groups of people are not regarded as economically inactive? a) People who wan...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: QUESTION 3 Which of the following has been the primary focus of economists in their analyses of publ...

A: Public economics is a branch of economics that studies public administration. 

Q: You are a department manager in a large software firm, and you have an assignment to produce a custo...

A: The isoquant shows all the possible combinations of factors that yield maximum output. Whereas the i...

Q: Two players play a game which involves holding out a nickel or a dime simultaneously. If the sum of ...

A: There are two players in the game : Player 1 & 2  Strategy Set of Player 1 = Strategy Set of Pla...

Q: You are the boss of a consulting firm. One of your clients has brought to you a new project. The cli...

A: According to the question given, You own a consulting firm. One client brings in a new project. In ...

Q: What is managerial economics? (only 50 words)

A: Economic analysis is the study of how individuals, organizations, and governments allocate resources...

Q: Question 3 In the country of Bithynia, the velocity of money grows at 10 percent per year. The growt...

A: We know that as per the Quantity Theory of Money, MV = PY Where M is the Money SupplyV is the Veloci...

Q: Recent flooding in Australia, have driven up prices for items ranging from coffee beans to beef. Pri...

A: The market supply curve of a commodity can shift as a result of a change in technology, government r...

Q: 1. For the following game Player B Player A Left 7,17 10,5 4,4 Middle 21,21 14,4 7,3 Right 14,11 4,3...

A: Given:

Q: The main criticism of a market economy is a. Concentration of wealth in a small percentage of the po...

A: The market economy is an economic system where resources are own and controlled by the private enter...

Q: consumers utility function is given by U(X1, X2)=Xa1X21-a where  A>0, 0<a<1 A consumer also faces th...

A: Utility function : U(X1 , X2 ) = Xa1X21-a  Budget Constraint : m = p1X1 + p2X2  Compensating Variati...

Q: An electrician quits her current job, which pays $25,000 per year. She can take a job with another f...

A: Opportunity cost is the next best alternative foregone to attain some kind of decision. The concept ...

Q: QUESTION 11 Using the Rule of 70, a country will roughly double its GDP in thirty-five years if its ...

A: According to rule 70,Doubling time=70iwhere,i=annual growth rate

Q: Doan's Headphones company is innovative enough to have a monopoly in their market where they sell 80...

A:

Q: The Philippine debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16%...

A: Let us firstly calculate debt on every working individual . 12 trillion = 12 million millions   ( 1 ...

Q: In a small open economy, output is $25 billion, government purchases are $6 billion, taxes are $5 bi...

A: Given  Y=$25 billion Government purchases G=$6 billion taxes T=$5 billion C=2+0.6(Y-T)      

Q: PART B (INDEPENDENT THINKING AND APPLICATION) 5) (KEY QUESTION) Consider the following strategic int...

A: Answer - "Thank you for submitting the questions.But, we are authorized to solve only 3 sub parts .F...

Q: 4 In Bangladesh, we are expecting that the price of food items will increase after a few weeks in Ra...

A: Demand and supply are two important concepts in economics used to determine the equilibrium price an...

Q: QUESTION 11 Increasing the interest rates is an expansionary monetary policy. O True False

A: Monetary policy refers to the policy of the central bank under which is uses policy instruments to c...

Q: Suppose that the unemployment rate is 5% and the natural rate of unemployment is 4%. Answer the cycl...

A: Cyclical unemployment = Unemployment rate - Natural rate of unemployment Cyclical unemployment:  If ...

Q: The following are the National Income Account data of the Philippines (figures are in Billions of Pe...

A: Given: Merchandise imports=17 Personal consumption expenditure=217 Note: Due to multiple subparts be...

Q: Consider the following game between Visa and Mastercard. They are trying to decide whether to invest...

A:

Q: Aggregate demand will NOT increase when: A) household wealth rises but prices are constar B) governm...

A: Aggregate demand"it is a measurement of total amount of demand for all finished goods and services p...

Q: Indifference Curves Uj Uz U, LA B 10 20 Quantity of x Suppose the consumer is on the highest budget ...

A: Introduction An indifference curve has given. Its answer is b) consume y less and more x because if ...

Q: How can the EverGrande housing scandal in China impact on Caribbean economic affairs. Use the IS/LM/...

A: Evergrande is a massive — and severely indebted — Chinese private-sector property developer and home...

Q: B. The following equation describes the conversion of a cash flow into an equivalent equal payment s...

A: Cash flow diagrams visually address income and costs throughout some time intervals. The diagram con...

Q: You are an accountant for a manufacturer of radios. The demand function for the tablets is 2 p x = 4...

A: Given information: The demand function for the tablets: p(x)=40-4x2            .... (1) Cost of prod...

Q: 1. Seven Cost Curves ve PL TC = Q² + 1O Neil's Nails has this short run total cost equation: Derive ...

A: Given; Total cost; TC=Q2+10 Therefore; Variable cost; VC=Q2 Fixed cost; FC=10

Q: The following relations describe monthly demand and supply for a wheat Qp = 32 - 4 Qs = ÷P- 16 where...

A: (a) A perfectly competitive market produces at the intersection point of market demand and market su...

Q: The following indices monitor the annual profits of J.A company. year 1 2 3 4 5 6 7 8 Index...

A: Introduction Base year is the value at which the value from other years has compared. Let's base yea...

Q: During the Cold War the major effect of American foreign policy was the protection of Democracy abro...

A: The technique of "containment" is most popular as a Cold War international strategy/foreign policy o...

Q: How many Nash equilibria does this game have? hand written plzz

A: We need to look both pure and mixed strategy nash equilibrium.