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Write short-notes on Rybczynski Theorem(RT) and H-O theorem
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- 7 4. Profesör Çabuk homotetik bir fonksiyonu γ’ıncı dereceden homojen bir fonksiyonun monotonik artan bir fonksiyonu olarak tanımlamaktadır. Profesör Varian ise homotetik bir fonksiyonu birinci dereceden homojen bir fonksiyonun monotonik artan bir fonksiyonu olarak tanımlamaktadır. Hangisi doğrudur ve niçin?HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow HighFlyer Airlines to give passengers more comfort and sell more tickets at a higher price. However, redesigning the cabin means rethinking many other elements of the airplane as well, like engine and luggage placement, and the most efficient shape of the plane for moving through the air. HighFlyer Airlines has developed a list of possible methods to increase cabin space, along with estimates of how these approaches would affect the planes operating costs and ticket sales. Based on these estimates, Table 13.5 shows the value of R, how much should the firm invest in R on top of the private return; that is, an R private return to HighFlyer Airlines would have a 9 social return. How much investment is socially optimal at the 6 interest rate?Student tuition at ABC University is $500 per semester credit-hour. The state supplements school revenue by matching student tuition dollar for dollar. In other words, for each dollar a student pays in tuition, the state pays a dollar that is also considered revenue. Average class size for a typical three credit-hour course is 25 students. Labor costs are $3,000 per class, materials costs the school $25 per student per class and overhead costs are $15,000 per class. For this problem, ABC University measures output as the total amount of revenue generated. a) What is the multifactor productivity performance for a course at ABC University? b) If instructors work an average of 10 hours per week for 16 weeks for each three-credit hour class of 25 students, what is the labor-hours productivity ratio? c) Suppose next year, the tuition increases to $550 per semester credit hour but the state only pays $100 per semester hour instead of the matching it had previously paid. The instructors…
- ECON 4333-001 (online) Spring 2020 Homework Assignment #2-Revised MR This question is based on the figure above, which describes cost and demand conditions in the widget industry. Assume that costs functions to not vary according to market structure (competition vs. monopoly, for example). Complete the following table. All variables should be expressed in dollars. (Hint: use the Cowling and Mueller method for measuring consumer surplus and deadweight) Market Structure Price Quantity Economic Profit Consumer Surplus Dead Weight Loss Competition 500 400 Monopoly The following table illustrates the distribution of retail grocery sales in the Asheville, NC market: Market Retailer Share (%) Kroger…If pigs can fly, then Ugly Betty will win a beauty contest. Pigs cannot fly. Therefore, Ugly Betty will not win a beauty contest, even though I really think she should. Options a. Inductive, weak. b. Inductive, strong. c. Deductive, valid. d. Deductive, invalid. e. Deductive, sound.please answer the following question. 1. Define the Coase Theorem. What are the reasons that the Coase Theorem might not be able to be applied?
- What is the Slutsky Equation for this problem -- Part (g)? I provided the other Answers to show the progression of the problem. Thank you.Two months ago, on July 1, 2019, the State of Illinois raised gasoline taxes by $.19 (19 cents) per gallon of gas suppose the new tax is imposed on Illinois gasoline stations. Draw a graph, showing the new cost curves reflecting the additional 19 cents per gallon tax in place. Be sure to indicate which curves depict the pre-tax scenario and which depict the post-tax scenario (for example, by drawing them pre-tax and post-tax curves in different color and using clear labels) (Both a graph and a narrative are needed for this question)Business Selling Price Total Sold Cost of Goods Sold Sales Profit First Aid Kits 28.95 25 400 723.75 323.75 Leg Casts 50 10 300 500 200 Rubbing Liniment 12 5 5 60 55 Resuscitators 70 2 130 140 10 Sun Burn Ointment 25 25 1000 625 -375 Question #1 Economists are always calculating the costs and the benefits of alternatives. Economic profit, as distinct from the accounting profit you calculated in question 1, is the additional profit that is earned by choosing the best, rather than the second best, profit opportunity. Profit maximizers should always calculate economic as well as accounting profit. What is the economic profit you would receive if you decided to purchase the business's best profit maker?
