Suppose that you are given the following production function: Q=100K0.6L0.4 etermine the marginal product of capital and the marginal product of labor when k 6 and L = 100. For each of the following production functions, determine whether returns to sca e decreasing, constant, or increasing when capital and labor inputs are increased f = L = 1 to K = L = 2. a. Q=25K0.510.5

Q: A monopolist is determining the optimal output Q* to produce. Demand Function: P=12-2Q Average…

A: Given  Demand function faced by monopolist: P= 12-2Q         ... (1) Average cost function:…

Q: A10 An effective price ceiling causes a loss of: a) consumer surplus for certain and possibly…

A: The two types of pricing rules are binding and non-binding price limits. Because they do not produce…

Q: Let’s assume that in the state of California, there is an economic sector, where the firms have the…

A: The four-firm concentration ratio is a method used by industry experts and government authorities to…

Q: f(x,y,z)=3x²+xyz+4y³₂² Find the value of df(x,y,z)/dx when x = 1, y = 2, z = 3.

A: Ans. The partial derivative of the function is the derivative of the function w.r.t. a particular…

Q: 4. The following curve shows the Profit Maximization in Monopoly market Dollars per unit Demand P =…

A: Monopoly A monopoly is when one corporation holds a dominant position in an industry or area to the…

Q: A firm will be better off by hiring an additional worker only when: O The overall benefit is greater…

A: Profit maximisation is the ultimate goal of firms operating in the market. Hiring decisions depend…

Q: Lulu hypermarket estimates daily demand of 18 kgs for a product. It costs RO 100 to make and receive…

A: Given the information: Daily demand = 18 kgs Costs to make = 100 Annual holding cost = 25%

Q: 1. Before cross-country transport of rescue dogs, what was the primary factor that determined the…

A: The supply of a ware is how much the product which the dealers or makers are capable and ready to…

Q: Explain 2 ways a government could increase the consumption of merit goods

A: Merit goods are the goods whose consumption and production should be encouraged as these goods add…

Q: Production technology is q = K1/2L. What is the short-run cost function C if K =4, w = 6 and r = 2…

A: We have production function  q= k1/2L  and K=4

Q: The cost function is c =q². Therefore, marginal cost equals 2q. Quantity refersto square metre of…

A: Here we have:- demand function=p=20-Q and cost function=TC=q2 Marginal cost=MC=2q since the firm is…

Q: a) Complete the table below considering that the GDP of Ireland (at 2005 market prices) grew from 79…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: 1. A fundamental problem in international economics is how to produce a world government that can…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: In 2020, the economy of Macroland exported $400 billion of goods and $300 billion of services while…

A: Here, information about international trade of the economy of Macroland is given such as total…

Q: The diagram below represents an increase in the price of scallops. Based on the graph, indicate…

A: In the above diagram, the initial equilibrium is A where budget constraint (BC1) intersects with the…

Q: In computing the consumer price index (CPI), a base year is chosen. Which of the following…

A: The price index is described because the relative prices of products and services in a specific…

Q: Evaluate ‘utilitarianism’ as a moral doctrine that underpins ethical values

A: Introduction Utilitarianism has given by Jeremy Bentham and J. S. Mill. The term Utilitarianism has…

Q: Assume in the market with two consumers, Chloe and Oliver. Chloe's utility function is U(x, y) = 2x…

A: When there are no more adjustments that can be made to the economy that can make one person better…

Q: 23

A: We have simultaneous game between two players Roegr and Michelle

Q: Problem 4. The price is a function of demand given as p(q) = 2.5 In (300). Use the elasticity…

A: Given  Demand equation: p(q)=2.5ln300q                  .... (1) We have to find revenue-maximizing…

Q: 52- Central banks attribute high prices to supply side bottlenecks. Central banks try to lower…

A: Introduction When central bank try to lower inflation expectation then it will reduce interest…

Q: Determine the value of (F/P,35%

A: Information extracted from the question is that the interest rate is 35% and 15 is the time period…

Q: A government should implement profound reforms to the labor market, complementary to the elimination…

A: The basic requirement a producer needs is labour and capital. Here the labour is the variable cost…

Q: The table shows statistics for three Canadian cities at several different points in time. What was…

A: Unemployment rate is the ratio of unemployed people to the labor force.  Given: Labor force in…

Q: Economic policies that involve government spending and taxes are known as                   .

A: Fiscal policy is the use of government spending and taxes to influence the economic activity in the…

Q: Write short notes on the following with example:     (a) Comparative advantage; (b) Absolute…

A: Let us consider the example of India and China producing wheat and rice  In one hectare India can…

Q: Outline and critically evaluate the main arguments in the literature on  bank competition and…

A: A bank's capital includes all the money, which it has accumulated over the years, from depositors…

Q: In the below figure, a consumer is initially in équilibrium at point C. The consumer's income is…

A: We have two goods X and Y and there is an Boucher of worth $150 for good X.

Q: Assume that the Phillips curve equation is represented by π = π +0.1 - 2ut where π = 0-1. Suppose 0…

A: The expected inflation is equal to the past year inflation.

Q: Discuss the significance of The Environmental

A: Environmental ethics is the field committed to grasping human obligations concerning the common…

Q: Three alternative proposals are suggested for a project with the following cash flows. Choose the…

A: Cash Flow (CF) is the growth or lower in the quantity of cash a business, institution, or character…

Q: Question 29 Assume in the market with two consumers, Chloe and Oliver. Chloe's utility function is…

A:

Q: To answer this question please refer to chapter 13, "Development Economics: The Wealth and Poverty…

A: Charles Wheelan's Naked Economics:Undressing the Dismal Science is a simple book to understand the…

Q: The basic mission of the IMF is: a) to provide technical advice to the governments of developing…

A: The International Monetary Fund (IMF) attempts to accomplish manageable development and flourishing…

Q: change to monetary policy. Businesses pay must rise, at least in the short run, if inflation…

A: Inflation is the market situation when general price level or market value of goods and services…

Q: U = 5x11/2 + 2x2. What is the marginal rate of substitution at (1, 4)? Round your answer to two…

A:

Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…

A: Following is the given information: First cost of machine = P1800000 Salvage value = P300000 Time =…

Q: An item that is used as money, but which also has value from its use as something other than money…

A: A commodity has the intrinsic value that can be used as money  and also used as store of value over…

Q: Economics At the outset of the COVID-19 pandemic the demand for face masks increased markedly around…

A: According to the question, it is given that : At the beginning of Covid-19 pandemic, the demand for…

Q: 1. 2. The table below shows the price of the basket of goods and services for each of the following…

A: The Consumer Price Index measures the overall change in consumer prices over time based on a…

Q: Which research method below is not quantitative?   A fMRI   B Conjoint analysis   C Eye…

A: Quantitative research methods focus on objective measurements and statistical, mathematical, or…

Q: Assume that following equations describe the money market of an economy Ms = 1,000 Md = .2Y - 100r…

A: The IS-LM model, which stands for "investment-savings" (IS) and "liquidity preference-money supply"…

Q: Question 16 Assume the United States is a large consumer of steel that is able to influence the…

A: Equilibrium in the market occurs at the intersection of demand and supply curves.

Q: (3) Given the equilibrium price and demand (denoted by Po and Qo), the consumer surplus (CS) is…

A:

Q: Automobiles                 Computers…

A: According to the question, it is given that :   Automobiles Computers USA 20 15 Germany  15 5…

Q: Suppose we're still analyzing a price ceiling of P=$70. What is the Consumer Surplus after the pric…

A: Here, demand function and supply function are given with the price ceiling at $70.

Q: At a price of $4.86 per pound, the supply for cherries is 16,205 pounds, and the demand is 10,340…

A:

Q: When an firm put aside some extra inventory that serves as an insurance against flucation in demand…

A: Wastage inventory:- Unprocessed stock wastage is referred to as inventories waste. This comprises…

Q: National currency of a country Z is devaluated by 25%. The coefficient of price elasticity of…

A: Introduction Devaluation of the economy's currency is often thought to improve the balance of…

Q: of Naked Economics, Charles Wheelan explains alternative exchange rates systems. To which of the…

A: A fixed exchange rate can be defined as a system of exchange rate that ties the country's official…