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Two partners own a business. Partner I provides the capital C € [0,1] and Partner 2...
2. James, Stewart, and Kelly are all one-third partners in the capital and profits of Firewall...
2. James, Stewart, and Kelly are all one-third partners in the capital and profits of Firewall general partnership. In addition to their normal share of the partnership's annual income, James and Stewart receive an annual guaranteed payment of $10,000 to compensate them for additional services they provide. Firewall's income statement for the current year reflects the following revenues and expenses: Sales revenue Interest income Long-term capital gains Cost of goods sold Employee wages Depreciation expense Guaranteed payments Miscellaneous expenses Overall...
Eyes and Mouth started an accounting firm on January 1, 2018. Each partner brought GHC15,000 but...
Eyes and Mouth started an accounting firm on January 1, 2018. Each partner brought GHC15,000 but Eyes made an additional payment of GHC10,000 to the firm. The profit for the first year was GHC8,500, and during the course of the year each partner had taken GHC2,400 from the firm for personal use. Requirement One: Prepare i. The partners appropriation account for the first year (January 1 to December, 2018) ii. Partners current accounts for the first year (January 1 to...
(i) In your own words, state Boltzmann's two principles of statistical mechanics. (ii) In the context...
(i) In your own words, state Boltzmann's two principles of statistical mechanics. (ii) In the context of statistical mechanics, explain what is meant by a phase cell, and explain how such cells may be used in the specification of the configuration of a classical 4 marks) gas. (i) In your own words, state Boltamann's distribution law for a gas in equilibrium (ii) If the probability of any given molecule occupying any given phase cell is known, what additional information is...
The choices for the blanks are: 1) separately/like angel investors/like business partners/like prime lenders 2) strategic...
The choices for the blanks
are:
1) separately/like angel investors/like business partners/like
prime lenders
2) strategic priorities/investment needs
Why Do People in Finance Matter? Why do people in finance matter? Finance management is known to involve number crunching, crafting complex models, and creating and reviewing critical financial information. Finance managers are responsible for integrating with the capital markets, raising and allocating capital for new investments or existing projects, profit planning, and establishing economic efficiencies in the firm. But in reality,...
So, for the first question, the two Best Response functions I got are: BR1=25/t2 || BR2=25/(1-t)2 For the second question ("How much will each individual's dinner be worth at the Nash eqbm?...
So, for the first question,
the two Best Response functions I got are:
BR1=25/t2 ||
BR2=25/(1-t)2
For the second question ("How much will each individual's dinner
be worth at the Nash eqbm?"), I got that
P1=BR1 and P2=BR2 (i.e
the prices were the Best Reponse functions).
Is this correct? I'm just confused as I'm not sure why the
question would contain two parts which have the same answer. Are
the Nash Equilibrium prices always the same as the Best Response...
Kirpa is trying to decide how many hours to work each week. Her utility is given by the following function: U(C,H) = C2 H3 , where C represents weekly consumption and H represents weekly leisure hours...
Kirpa is trying to decide how many hours to work each week. Her utility is given by the following function: U(C,H) = C2 H3 , where C represents weekly consumption and H represents weekly leisure hours. Her marginal utility with respect to consumption is MUc = 2CH3 , and her marginal utility with respect to leisure is MUH = 3C2 H2 . A) Find Kirpa's optimal H, L and C when w=$7.50 and a = $185. B) Suppose w increases...
hi i need answer from part d Question 2 (48 marks) Consider a firm which produces a good, y, using two factors of...
hi i need answer from part d
Question 2 (48 marks) Consider a firm which produces a good, y, using two factors of production, xi and x2 The firm's production function is Note that (4) is a special case of the production function in Question 1, in which α-1/2 and β-14. Consequently, any properties that the production function in Q1 has been shown to possess, must also be possessed by the production function defined in (4). The firm faces exogenously...
1. Consider the profit maximization problem for the firm. Say the pro- duction function f(k, n)...
1. Consider the profit maximization problem for the firm. Say the pro- duction function f(k, n) is strictly concave jointly in all arguments and once continuously differentiable (C), where k (resp, n) denotes the input of capital (resp, labor) (a) Assume a maximum exists for the firms profit maximization problem. What are the first order conditions (FOCs) to characterize all optimal solutions for factor demands for capital and labor in the general problem? (b) Say f(k, n) = (ak" +...
2. (Ricardian Model) Two agricultural economies, "Home and "Foreign" produce corın (C) and wheat (W). Home...
2. (Ricardian Model) Two agricultural economies, "Home and "Foreign" produce corın (C) and wheat (W). Home has an endowment of 200 fields, each of which can produce either 2 units of corn or 2 units of wheat. Foreign has an endowment of 300 fields, each of which can produce either 1 unit of con or 2 units of wheat. Consus in both economies have identical homothetic preferences represented by the utility function: (a) Draw the production possibility frontiers for both...
Suppose firm j’s output is given by yj = n 1−α j , where 0 <...
Suppose firm j’s output is given by yj = n 1−α j , where 0 < α < 1 (α is a parameter). Suppose the firm must pay a fixed cost b < α if it wants to operate. That is, the firm’s profits are given by π (nj ) = 0 , if nj = 0 and π (nj ) = n 1−α j − wnj − b , if nj > 0 where w is the wage. (a)...
2. James, Stewart, and Kelly are all one-third partners in the capital and profits of Firewall general partnership. In addition to their normal share of the partnership's annual income, James and Stewart receive an annual guaranteed payment of $10,000 to compensate them for additional services they provide. Firewall's income statement for the current year reflects the following revenues and expenses: Sales revenue Interest income Long-term capital gains Cost of goods sold Employee wages Depreciation expense Guaranteed payments Miscellaneous expenses Overall...
(i) In your own words, state Boltzmann's two principles of statistical mechanics. (ii) In the context of statistical mechanics, explain what is meant by a phase cell, and explain how such cells may be used in the specification of the configuration of a classical 4 marks) gas. (i) In your own words, state Boltamann's distribution law for a gas in equilibrium (ii) If the probability of any given molecule occupying any given phase cell is known, what additional information is...
The choices for the blanks
are:
1) separately/like angel investors/like business partners/like
prime lenders
2) strategic priorities/investment needs
Why Do People in Finance Matter? Why do people in finance matter? Finance management is known to involve number crunching, crafting complex models, and creating and reviewing critical financial information. Finance managers are responsible for integrating with the capital markets, raising and allocating capital for new investments or existing projects, profit planning, and establishing economic efficiencies in the firm. But in reality,...
So, for the first question,
the two Best Response functions I got are:
BR1=25/t2 ||
BR2=25/(1-t)2
For the second question ("How much will each individual's dinner
be worth at the Nash eqbm?"), I got that
P1=BR1 and P2=BR2 (i.e
the prices were the Best Reponse functions).
Is this correct? I'm just confused as I'm not sure why the
question would contain two parts which have the same answer. Are
the Nash Equilibrium prices always the same as the Best Response...
hi i need answer from part d
Question 2 (48 marks) Consider a firm which produces a good, y, using two factors of production, xi and x2 The firm's production function is Note that (4) is a special case of the production function in Question 1, in which α-1/2 and β-14. Consequently, any properties that the production function in Q1 has been shown to possess, must also be possessed by the production function defined in (4). The firm faces exogenously...
1. Consider the profit maximization problem for the firm. Say the pro- duction function f(k, n) is strictly concave jointly in all arguments and once continuously differentiable (C), where k (resp, n) denotes the input of capital (resp, labor) (a) Assume a maximum exists for the firms profit maximization problem. What are the first order conditions (FOCs) to characterize all optimal solutions for factor demands for capital and labor in the general problem? (b) Say f(k, n) = (ak" +...
2. (Ricardian Model) Two agricultural economies, "Home and "Foreign" produce corın (C) and wheat (W). Home has an endowment of 200 fields, each of which can produce either 2 units of corn or 2 units of wheat. Foreign has an endowment of 300 fields, each of which can produce either 1 unit of con or 2 units of wheat. Consus in both economies have identical homothetic preferences represented by the utility function: (a) Draw the production possibility frontiers for both...
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