The production function is Q = K^.6L^.4. What is the marginal rate of substitution of L for K? What is the numerical MRS when K = 5 and L = 10? What is MRS if K = 10 and L = 5? When does the marginal rate of su...
aIs Lisa indifferent between the food coupon and cash program, or does she prefer one program over the other? Draw an indifference curve to illustrate your answer 莉萨是否是冷漠的在食物优惠券和现金节目之间,或者她是否更喜欢一节目其他? 画冷漠曲线说明您的答复[translate] ...
A standard hyperbola has its center at the origin and its axes along the coordinate axes, while a rectangular hyperbola also meets these criteria but has the additional property of perpendicular asymptotes. 3 How does the eccentricity of a rectangular hyperbola compare to that of a general hyperbol...
What does falling total utility imply for marginal utility? Give an arithmetical example to illustrate your answer. If the total utility of a commodity is 5, and the marginal utility is 1, what is the consumer surplus if a person consumes 3 units?
aIs Lisa indifferent between the food coupon and cash program, or does she prefer one program over the other? Draw an indifference curve to illustrate your answer 莉萨是否是冷漠的在食物优惠券和现金节目之间,或者她是否更喜欢一节目其他? 画冷漠曲线说明您的答复[translate] ...
The writing style of that blog post has some similarities to the Open Letter¹. Also, just as the Open Letter does, her blog post from 2013 takes aim against Jim Wallis and George Soros for their involvement in organizing evangelicals for immigration reform. The same two targets for the ...
How many users does the application (website, system, etc.) have during normal hours? During peak hours? What elements of the application are affected by what number of users? What number of users will result in the website going offline?
What is the relationship between inflation and unemployment according to the long-run Phillips curve? What is productivity, and how does it affect transportation economics? What is the relationship between comparative advantage theory and the production possibility curve? What is the relationship between...
Equilibrium profit refers to the tendency of no contraction and expansion of the price level in the industry. In this situation, the quantity demanded is always equal to the quantity supplied. It is analyzed based on average and marginal revenue....
Arestaurant kitchenis often used to illustrate how economies of scale are limited: more cooks in a small space get in each other's way. In economics charts, this has been illustrated with some flavor of a U-shaped curve, in which the average cost per unit falls and then rises. Costs ri...