Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 14 docx

... MP L = 12 - 2L (the slope of the production function). Wage Labor 20 40 60 80 100 120 1.5 3.0 4.5 6.0 MRP L Figure 14. 6 Therefore, the MRP L = (10)(12 - 2L). The firm’s profit-maximizing ... 245 Chapter 14: Markets for Factor Inputs The input cost is now 7 5-1 5=$60 per unit labor after the subsidy is received. The profit maximizing values can be found as in parts a-...

Ngày tải lên: 20/01/2014, 20:20

... 0 60 0 100 -1 00 150 -1 50 200 -2 00 1 60 60 150 -9 0 50 200 -1 40 250 -1 90 2 60 120 178 -5 8 28 228 -1 08 278 -1 58 3 60 180 198 -1 8 20 248 -6 8 298 -1 18 4 60 240 212 28 14 262 -2 2 312 -7 2 5 60 300 ... 50 π P = 50 0 60 0 100 -1 00 0 -1 00 1 60 60 150 -9 0 50 60 50 50 -1 00 2 60 120 178 -5 8 28 60 100 50 -7 8 3 60 180 198...

Ngày tải lên: 23/12/2013, 14:15

... from 1980 to 2001. ˇ 1980 1985 1990 1995 2000 2001 CPI 100 130.58 158.62 184.95 208.98 214. 93 Retail Price of butter $1.88 $2.12 $1.99 $1.61 $2.52 $3.30 (salted, grade AA, per lb.) ... the current minimum wage, go to http://www.bls.gov/cpi/home.htm Click on: Consumer Price Index- All Urban Consumers (Current Series) Select: U.S. All items 5

Ngày tải lên: 23/12/2013, 14:15

... 0.6Q e =0.6(154 4-1 76P)=926. 4-1 05.6P. Graphically, export demand has pivoted inwards as illustrated in figure 2.5a below. Total demand becomes Q D = Q d + 0.6Q e = 1700 - 107P + 926. 4-1 05.6P = 2626.4 - ... product. Given I=50, the demand curve becomes Q=30 0-2 P+4*50, or Q=50 0-2 P. Setting demand equal to supply we can solve for P and then Q: 50 0-2 P=3P-50...

Ngày tải lên: 23/12/2013, 14:15

... she buys the 8-ounce soft drink she pays $1.50 8 oz = $0.19 per oz. When she buys the 12-ounce size she pays $0.17 per ounce, and when she buys the 1 6- ounce size, she pays $0 .14 per ounce. ... 600 clothing and 600 food would cost ($3)(600)+($2)(600)=$3000. Therefore, the Laspeyres cost-of-living index is: L = 100($3000/$1200) = 250. Ideal Index 35 Chapter 3: Consumer Behavior...

Ngày tải lên: 23/12/2013, 14:15

... P 2 Q 2 - P 1 Q 1 Δ TR cc = (1.1P 1 )(0.8Q 1 ) - P 1 Q 1 = -0 .12P 1 Q 1 , or a 12 percent decline. For disk drives: Δ TR dd = P 2 Q 2 - P 1 Q 1 Δ TR dd = (1.1P 1 )(0.9Q 1 ) - P 1 Q 1 ... increase in the price of the toll from $5 to $7. The lost consumer surplus is ( 7-5 )*16+0.5( 7-5 )(2 0-1 6)=$36. 14. Vera has decided to upgrade the operating sy...

Ngày tải lên: 23/12/2013, 14:15

... σ 2 = (0.5)(0 - 1.025) 2 + (0.25)(1 - 1.025) 2 + (0.2)(2 - 1.025) 2 + (0.05)(7.5 - 1.025) 2 , or σ 2 = $2.812. b. Richard’s nickname is “No-risk Rick.” He is an extremely risk-averse individual. ... probabilities: σ 2 = (0.2)(125 - 80) 2 + (0.3)(100 - 80) 2 + (0.5)(50 - 80) 2 = $975. c. What would a risk-neutral person pay to play the lottery? A risk...

Ngày tải lên: 23/12/2013, 14:15

... case? a. A firm can hire only full-time employees to produce its output, or it can hire some combination of full-time and part-time employees. For each full-time worker let go, the firm must ... of Variable Input 0 0 ___ ___ 1 225 225 225 2 600 375 300 3 900 300 300 4 1140 240 285 5 1365 225 273 6 1350 -1 5 225 4. A political campaign manager has to decide whether to emphasize...

Ngày tải lên: 23/12/2013, 14:15

... the reverse. For example, let a = 0, b = 1, c = -1 , d = 1. Total cost is Q - Q 2 + Q 3 ; average cost is 1 - Q + Q 2 ; and marginal cost is 1 - 2Q + 3Q 2 . Minimum average cost is Q = 1/2 and ... the horizontal axis. Average total cost is u-shaped and reaches a minimum at an output of 7, based on the above table. Average variable cost is u-shaped also and reaches a mini...

Ngày tải lên: 23/12/2013, 14:15

... area a. Numerically: a = (21. 5-1 9.2) (14. 6)+(17. 4-1 4.6)(21. 5-1 9.2)(.5)=36.8 b = (17. 4-1 4.6)(21. 5-1 9.2)(.5)=3.22 c = (21. 5-1 9.2)(20. 4-1 7.4)=6.9 d = (21. 5-1 9.2)(21. 1-2 0.5)(.5)=0.69. These numbers ... billion pounds to 6.5 billion pounds, then we will have Q D - Q S = 6.5 and we can solve for P: (26.53 285P )-( -8 .70+1.214P)=6.5 35.2 3-1...

Ngày tải lên: 23/12/2013, 14:15