Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 16 doc

... invention causes a constant-returns-to-scale production process for food to become a sharply- increasing-returns process. How does this change affect the production-contract curve? In the context ... Chapter 16: General Equilibrium and Economic Efficiency If, however, accompanying this change to a sharply-increasing-returns-to-scale technology, there were a change in the trade-off betwe...

Ngày tải lên: 20/01/2014, 20:20

... 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 ... q=10.93. The marginal product of the second unit of labor is 9.6 5-8 =1.65 and the marginal product of the third unit of labor is 10.9 3- 9.65=1.28. Marginal product of labor is diminishing....

Ngày tải lên: 23/12/2013, 14:15

... 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

... R 1 = P q 1 = (300 - 3(q 1 + q 2 )) q 1 = 300q 1 - 3q 1 2 - 3q 1 q 2 . MR 1 = 300 - 6q 1 - 3q 2 MC 1 = 30 + 3q 1 300 - 6q 1 - 3q 2 = 30 + 3q 1 q 1 = 30 - (1/3)q 2 . By symmetry, ... , or Q 1 = 16. By symmetry, Q 2 = 16. To determine the price, substitute Q 1 and Q 2 into the demand equation: P = 53 - 16 - 16 = $21. Pro...

Ngày tải lên: 20/01/2014, 20:20

... 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 ... table below, the firm will hire 5 units of labor. q L MP L MRP L 0 0 - - 20 1 20 40 35 2 15 30 47 3 12 24 57 4 10 20 65 5 8 16 70 6 5 10 Chapter 14: Markets for Factor In...

Ngày tải lên: 20/01/2014, 20:20

... MFC 1 = 200 - 4X 1 and MFC 2 = 100 - 2X 2 . Setting MFC 1 = MFC 2 implies: 200 - 4 X 1 = 100 - 2X 2 , or 200 - 4(100 - X 2 ) = 100 - 2X 2 , or X 2 = 50 and X 1 = 100 - 50 = 50. Find ... 2 22 2 2 2 100 100 AF XX X X= − =−. Therefore, AF 1 = AF 2 implies 200 - 2 X 1 = 100 - X 2 , 200 - 2(100 - X 2 ) = 100 - X 2 , or X 2...

Ngày tải lên: 20/01/2014, 20:20

... CPI 1980 63.1 Real price of milk 1980 $2.98 1985 82.3 1985 $2.58 1990 100 1990 $1.99 1995 116. 6 1995 $1.38 2000 131.8 2000 $1.91 2001 135.6 2001 $2.43 d. What is the percentage change ... 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

... and the price of oil had increased from $8 to $16, then Demand: Q D = -5 P G + (3.75) (16) = 60 - 5P G , and Supply: Q S = 14 + 2P G + (0.25) (16) = 18 + 2P G . Equating supply and demand ... 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 -...

Ngày tải lên: 23/12/2013, 14:15

... decreases. When 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 ... 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 Beha...

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 ... the 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 operat...

Ngày tải lên: 23/12/2013, 14:15