Basic Mathematics for Economists - Rosser - Chapter 6 pps

... 26. 5 -6 48 37.5 -1 75 14 5 -1 75 16 -6 48 27 -6 37 38 -1 42 15 5.5 -2 07 16. 5 -6 58 27.5 -6 25 38.5 -1 08 16 6 -2 38 17 -6 67 28 -6 12 39 -7 3 17 6. 5 -2 68 17.5 -6 75 28.5 -5 98 39.5 -3 7 18 7 -2 97 18 -6 82 ... -5 67 24 -6 88 35 -3 25 9 2.5 0 13.5 -5 83 24.5 -6 82 35.5 -2 97 10 3 -3 7 14 -5 98 25 -6 7...

Ngày tải lên: 06/07/2014, 07:20

... check that the price of £12. 16 for the first 60 units corresponds to point A on the demand schedule in Figure 5 .6 since p = 16 − 0. 064 q = 16 −0. 064 (60 ) = 16 −3.84 = £12. 16 If the firm wishes to sell ... 120) q = 6MC − 260 q + 260 6 = MC (1) Since p = 580 −0.3q MR = 580 − 0.6q (2) To maximize profits MC = MR and so equating (1) and (2) q + 260 6 = 580 − 0.6q q + 260 = 3,480...

Ngày tải lên: 06/07/2014, 07:20

... 0.7 462 15 0.704 961 0 .66 6342 0 .63 017 0.5 962 67 7 0.759918 0.71 068 1 0 .66 5057 0 .62 275 0.58349 0.547034 0.759918 0.71 068 1 0 .66 5057 0 .62 275 0.58349 0.547034 8 0.73 069 0 .67 6839 0 .62 7412 0.582009 0.540 269 ... 0.009908 1 .60 0.8 265 62 0 .68 3204 0. 564 711 0.385813 0.0221 56 0.008584 1 .65 0.82 169 6 0 .67 5185 0.554797 0.374590 0.01 968 9 0.007375 1.70 0.8 168 61 0 .66 7 2...

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... 40 − 22.5(275, 567 .6) K −2.5 = 0 (3) 40 = 22.5(275, 567 .6) K 2.5 K 2.5 = 22.5(275, 567 .6) 40 = 155,0 06. 78 K = 119. 162 68 Substituting this value into (1) gives L = 275, 567 .6 (119. 162 8) 1.5 = 211.84478 This ... 4K 0 .6 (1. 562 5K) 0.5 = 0 200 = 4K 0 .6 (1. 562 5) 0.5 K 0.5 200 4(1. 562 5) 0.5 = K 1.1 40 = K 1.1 K = 1.1 √ 40 = 28 .60 3434 Substituting this value into (4) 1. 562 5...

Ngày tải lên: 06/07/2014, 07:20

... (2) d 2 Q dK 2 = ( 160 − 8K) 0 .6 K 0 .6 (− 76. 8) − ( 768 − 76. 8K) 96 − 9.6K K 0.4 ( 160 − 8K) 0.4 ( 160 − 8K) 1.2 K 1.2 = ( 160 − 8K)K(− 76. 8) − 76. 8(10 − K)9 .6( 10 − K) ( 160 − 8K) 1 .6 K 1 .6 At the stationary ... 4.8K −0 .6 and dv dK = 0.4( 160 − 8K) −0 .6 (−8) =−3.2( 160 −8K) −0 .6 Therefore, dQ dK = 12K 0.4 (−3.2)( 160 −8K) −0 .6 + ( 160 − 8K) 0.4 4.8K −0 .6 = −38.4K +(...

Ngày tải lên: 06/07/2014, 07:20

... 1.75 years, r = 2.5%= 0.025, A = 56 (e billion). Therefore, the final value of GNP will be y = Ae rt = 56e 0.025(1.75) = 56e 0.04375 = 58.504384 Thus the forecast for GNP is e58,504,384,000. So far ... example, when t = 3 then y 3 = 22.5e 6( 3) − 4.5 = 22.5e 18 − 4.5 = 22.5 (65 ,65 9, 969 ) − 4.5 = 1,477,349,303 Before we investigate the usefulness of this method for the analysis of dyna...

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... which basic arithmetic operations should be performed, whichareexplainedinChapter2.Nowadays,theseareprogrammedintomostcalculators but not some older basic calculators. If you only have an old basic ... economics degree courses gave up mathematics at school at the age of 16, many of them because they thought that they were not good enough at mathematics to take it for A-level. Howe...

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... 3 1 3 MR 1 (1)Q 2 = 60 − 6 2 3 MR 2 (2) © 1993, 2003 Mike Rosser 0 K Q 1 Q 2 Q 3 L Figure 4.21 Table 4.7 KLK 0.5 L 0.5 Q 64 4 8 2 320 16 16 4 4 320 464 2 8320 2 56 1 16 1 320 1 2 56 1 16 320 Assume that ... decrease of £400, since 60 0 = 1.5 × £400. Therefore the fall in C is 1.5 ×£240 = £ 360 . C (£) 0(£) C = 200 + 0.6Y Y 900 1,00 060 0 66 0 300 Figure 4.7 © 1993, 2003 Mike R...

Ngày tải lên: 06/07/2014, 07:20