Two goods can be produced using labor (f) and capital (k). For each of the technologies and resources below, derive the transformation frontier T(g,, 92) and find an expression for the marginal rate of transformation, MRT. (a) 91 = 25€1 + k1, 92 = v ezk2, l1 + {2 = 10 and k1 + k2 = 250 T(91, 92) = MRT = (b) 91 = fik1, 92 = vezk2, l1 + €2 = 4 and ki + k2 = 36 T(g1, 92) = MRT =
Q: Suppose that the monthly marginal cost for smokejumper harness straps is MC production of 14 units…
A:
Q: A company has two plants that produce the same lawn mower. If x, and x, are the numbers of units…
A:
Q: Market research for a certain ice cream company indicates that if the price per cup of ice cream is…
A: Given that for a certain ice cream company indicates that if the price per cup of ice cream is…
Q: 2+: Suppose that a company has determined its marginal revenue to be R'(x) = 50 dollars per unit.…
A:
Q: b) If the marginal revenue function for a manufacturer's product is dr = 2000 – 204 – 3q² dq Find…
A:
Q: (a) A miniature quadcopter flies in a curve line from one point to another. Suppose that the path of…
A:
Q: 3. A company determined that the price-demand and cost functions for selling x units of a certain…
A:
Q: 4. The market for Woozle used to be perfectly competitive, but then Woozlesoft Inc. monopolized…
A:
Q: If the marginal revenue function for a manufactures product is MR =10(1+Q)´; find the demand…
A: Given: MR=101+Q-2 To find out: Demand function (P)
Q: An economist wants to quantify the offect of olectricity prices on the real economy. By using…
A: Here, since the electricity price jump 27% above their previous peak value and stay at this new…
Q: In the least-squares line ŷ = 5 − 2x, what is the value of the slope? In the least-squares line ŷ…
A: The question is based on to check value and interpretation of slope of estimated regression line.
Q: A commodity has a demand function modeled by p = 126 − 0.5x and a total cost function modeled by C =…
A:
Q: Suppose that the marginal propensity to consume is dC dy = 0.02 + ln(y + 1) y + 1 (in…
A: Given: The marginal propensity to consume is dCdy=0.02+lny+1y+1. Calculation: Solve the differential…
Q: Find the demand function p, given the marginal revenue function dr/dq below. dr/dq = 277 - 3q -…
A:
Q: The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because larger fırms…
A: The shape of ATC curve is U-shaped when there are diminishing return with increasing average costs…
Q: The productivity of a country is given by f(x,y) = 100x0.6°y0.37, where x is the amount of labor and…
A:
Q: Suppose that the direct demand and direct supply functions are x = √200 - p and x = √p - 38,…
A:
Q: 5. Suppose that the marginal propensity to save is as TAVA (in billions of dollars) 3y+7 0.2- dy and…
A: Suppose that the marginal propensity to save is ds/dy = 0.2 -1/√(3y+7) and that consumption is $6…
Q: McRoberts Electronics sells 200 TVs per month at a price of $400 per unit. Market research indicates…
A: According to given, Total revenue is given by, R(x)= (200+x)(400-x) where x is the additional TVs…
Q: 4. Suppose the produetivity of a country can be approximated by: Y(L, K) = 10L0 K®9 where L is units…
A: Topic - derivative Marginal productivity Of anything is the change in output when one unit of that…
Q: 16) The marginal revenue from the sale of x units of certain commodity is given by R'(x) = 100-…
A:
Q: Suppose that you want to us Newton's method to learn a statistical parameter 0 and already know that…
A:
Q: Find the cost function for x items with marginal cost function
A: If C is the cost function and MC is the marginal cost function then MC = dC/dx = C'(x)
Q: 9. The average revenue function of x units of product is R(x)=-mx+n,where m and n are constants. a)…
A: Given that: Average revenue function, R¯(x)=-mx+n
Q: If a firm's marginal cost function is given by dc 0.1gq² + 100, dq %3D and the firm's output…
A:
Q: A company can produce a mini optical computer mouse at a cost of $7.50 each while fixed costs are…
A: A To find; The average cost function. Given information; The company cost function is Cx=7.5x+80.…
Q: us Econ 4.5.87 - 2200x A firm has the marginal-demand function D'(x) = Find the demand function…
A:
Q: A different interpretation of marginal cost Suppose a largecompany makes 25,000 gadgets per year in…
A: Cx=1250000+125000000x+1.5x Formula: - Marginal Cost C¯x=Cxx Average Cost C¯'x=ddxC¯x
Q: A company's marginal cost function is 13 where x is the number of units. Find the total cost of the…
A:
Q: 4. What is total revenue if Q 5 and marginal revenue is given by the function R'(Q) 28Q – e0.3Q?
A: We'll answer the first question since the exact on wasn't specified. Please submit a new question…
Q: This question involves partial differentiation. That is differentiating with respect to one variable…
A:
Q: Company A is currently producing 25 units and their marginal profit function is 120 - . Find the…
A: Given: MP(x)=120−45xP(25)=3000
Q: 15 Find the marginal-revenue function if the demand function is p = In (q + 3) dr %3D dq
A: TO FIND MARGINAL REVENUE FUNCTION 1.REVENUE r(q) = pq 2.substitute values and solve 3.MARGINAL…
Q: 3. When x thousand dollars are spent on labor and y thousand dollars on equipment, the output of a…
A:
Q: A pharmaceutical corporation has two locations that produce the same over-the-counter medicine. If…
A: The total revenue of the product is given as follows. (a) Evaluate the marginal revenue for…
Q: How can a firm find the quantity that maximizes its REVENUE? Where the own-price elasticity of…
A: A firm find the quantity that maximize it's revenue where MC=MR.
Q: currently 40 chairs are produced monthly. a) What is the current monthly cost? b) What is the…
A: Cost function
Q: Suppose that the marginal cost function of a handbag manufac C"(x) = 3 -x² – x + 200 32 Quotlent %3D…
A: I have stated the used formula in the solution.
Q: 23. Suppose that total national consumption is given by a C(x)=200–0.6x–0.05x0“, where x is the…
A:
Q: A company determined that the price-demand and cost functions for selling x units of a certain…
A:
Q: A system component has malfunctioned, and the delivery time, Y, of a new part is uniformly…
A: From the given information, the random variable Y is uniformly distributed on the interval 0 to 3…
Q: Suppose that the marginal propensity to save is ds In(y + 1) dy - 0.93 - (In billons of dollars) y…
A: This is Separable differential equation
Q: 4. In the manufacture of a product, fixed costs per month are 5000 Rials. If the marginal-cost…
A:
Q: Consider a competitive market in which price adjusts to excess demand or supply and firms enter and…
A: iv) Given system of differential equations are dpdt=0.5qD-qSdNdt=54p-10 Substituting qD=30-2p…
Q: Suppose that the marginal propensity to save is ds 0.20 (in billions of dollars) dy and that…
A: Consider the following: dsdy=0.20C=$5.35 billionDisposable income=$0Find National consumption…
Q: A company determines that its marginal revenue, R', of selling the xth unit of its product is given…
A:
Q: Assume that it costs a company approximately C(x) =664,641+580x+0.019 x² dollars to manufacture x…
A: The cost function is c(x)=664641+580x+0.019x2
Q: A company has two plants that produce the same lawn mower. If x, and x, are the numbers of units…
A:
Q: If the marginal revenue function for a manufacturer's product is dr = 2000 – 20q – 3q² dq Find the…
A:
Q: 4. The market for Woozle used to be perfectly competitive, but then Woozlesoft Inc. monopolized…
A:
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- A company's cash position (measured in millions of dollars) follows a generalized Wiener process growing onaverage 0.2 m per quarter with volatility of 0.1m per quarter. How high must the initial cash balance be for theprobability of a negative balance after 2.00 years not to exceed 5%?The marginal profit function for hard disks produced by the Elephant Media Company is given byA company has found that the marginal cost (in thousands of dollars) to produce x central air conditioning units is C′(x)=30x3x2+e, where x is the number of units produced. (a) Find the cost function, given that the company incurs a fixed cost of $13,000 even if no units are built. (b) The company will seek a new source of investment income if the cost is more than $18,000 to produce 5 units. Should they seek this new source?
- A manufacturing firm, Caleb Corp, produces and sells product in its home (US) market, and in a foreign market. There is inherent risk in the revenues collected from the foreign market due to volatility in the exchange rate. Under a benchmark strategy, all of the production takes place in the home country. The resulting expected profits for Caleb Corp are variable, due to variation in the exchange rate. As an approximation, the firm has estimated profits for five possible ranges of the exchange rate, with profit represented as a lottery, L= (.2, 150; .2, 200; .3, 220; .2,250; .1, 270) The probabilities are estimated probabilities for the different ranges. The outcomes in this lottery are the estimated final profit levels (not changes in profit). (a) Calculate the expected profit if the firm follows this benchmark strategy, i.e., E(L)A manufacturing firm, Caleb Corp, produces and sells product in its home (US) market, and in a foreign market. There is inherent risk in the revenues collected from the foreign market due to volatility in the exchange rate. Under a benchmark strategy, all of the production takes place in the home country. The resulting expected profits for Caleb Corp are variable, due to variation in the exchange rate. As an approximation, the firm has estimated profits for five possible ranges of the exchange rate, with profit represented as a lottery, L= (.2, 150; .2, 200; .3, 220; .2,250; .1, 270) The probabilities are estimated probabilities for the different ranges. The outcomes in this lottery are the estimated final profit levels (not changes in profit). Now suppose the firm can also buy forward contracts on foreign currency to neutralize the effect of the exchange rate on profits. Assume that these provide complete hedging, but that it involves an additional cost, so that following the…Suppose that a company's average cost is A(x)=1.7x+7. Step 2 of 2: Determine the marginal cost.
- In the least-squares line = 5 + 2x, what is the marginal change in for each unit change in x?Mr Banda is consuming products A and B optimally and deriving total utility of 10 utiles. When his budget is increased from K80 to K81, his utility increases from 10 utiles to 10.1 utiles. a) What is the marginal utility of X at the optimum when the price of X is K20? b) What is the price of Y when the marginal utility of Y is 4 utiles? c) Compute the Lagrange multiplier d) What is the utility when the budget is reduced from K80 to K79?Suppose the Marginal product of labor in the economy is given by MPN= .002(16,000-N), while the supply of labor is N=1000 + 1000w. Find the market clearing real wage rate and level of employment. What happens to the wage rate and employment if wealth rises, reducing the supply of labor to N= 500 + 1000w? As in (a), what is the unemployment rate if real wage is 1 more than the equilibrium wage? (hint: solve the real wage and then add it by 1, then find the difference of quantity of labor supplied and demanded).