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Below is the profit function for Just Fashion, a popular clothing company. T(9, h) = quin...
3. Show whether the cost function C (q,+q14-(qiq) exhibits both economies of scope and economies of scale b Derive the bDerive the conditions under which the cost function C(qi.q) 1+(q + g2) exhibits economies of scope. 4 Consider a market in which all firms have the following total cost function C(g)-150+q+0.5q What level of output corresponds to the minimum average total b) cost (minimum efficient scale)? If firms are perfectly competitive, what is the equation of an individual firm's supply...
A price-taking and profit-maximizing firm produces one output at the rate y> 0 using one input r>0 by way of the production function () , where f(x)竺2x2 . The firm's output sells at the price p >0 while the input is purchased at the price wo (a) (b) (c) Determine the lalue of the input that solves the FONC, and denote it by x (p,w). Is Set up the profit maximization problem. Derive the FONC and SOSC. x(p,w) unique? Explain....
3. There are two firms that compete according to Cournot competition. Fim 1 has a cost func tion Cia1) 318. Firm 2 has a cost function C2()3. These firms cannot discriminate, so there is just one price that is determined by the aggregate demand. The inverse demand equation is P Q) 300-0 Where total supply 0-2 (a) Setup the profit maximization problem for firm 1 with all necessary equations plugged in. (2 point) (b) Solve firm I's profit maximization peoblem...
just answer e through h
8. (11 pts) Let (Xn) be a sequence in Rº such that VnEN, Xn+1 = A· Xn+ where A = (5/8 5/3) and Xo = (-1) (a) (1 pt) Find X1. (b) (2 pts) Find the corresponding equilibrium point. (c) (1 pt) Determine the two eigenvalues 11 and 12 of A. (d) (1 pt) For each eigenvalue, find an eigenvector. (e) (1 pt) Is the equilibrium point a sink? Justify. (f) (1 pt) Deduce the...
28,
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15.1 Graphs and Level Curves 927 (a) Figure 15.18 SECTION 15.1 EXERCISES 10. Katie and Zeke are standing on the surface above D(1,0). Katie hikes on the surface above the level curve containing D(1,0) o B(2.1) and Zeke walks cast along the surface to E(2. 0). What can Getting Started y-y dentify the independent 1. A function is defined by and dependent variables. be said about the elevations of Katie and Zeke during their hikes?...
#include <iostream>
#include <iomanip>
#include <vector>
using namespace std;
Part 1. [30 points] In this part, your program
loads a vending machine serving cold drinks. You start with many
foods, some are drinks. Your code loads a vending machine from
foods, or, it uses water as a default drink. Create class Drink,
make an array of drinks, load it and display it.
Part 1 steps:
[5 points] Create a class called
Drink that contains information about a single
drink. Provide...
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Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
Please use own words. Thank you.
CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions listed below in specific detail. A minimum of 4 pages is required; ensure that you answer all questions completely Case Questions Who are the main players (name and position)? What business (es) and industry or industries is the company in? What are the issues and problems facing the company? (Sort them by importance and urgency.) What are the characteristics of the environment in which...