Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Given the Cobb-Douglas production F(K,K) = L^1/4K^1/4, find the derived input demands, the supply function and the indirect profit function. Next, drive the firm’s conditional input demands for labor and capital and the cost function. Using the cost function with output as the decision variable, find the supply function from the profit-max problem. From your conditional demands, determine the derived input demands, explaining how conditional and derived demands are related. Finally, illustrate Hotelling’s Lemma for this technology

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91234085

Have any Question?


Related Questions in Microeconomics

Question as a manager one of your responsibilities is to

Question: As a manager, one of your responsibilities is to monitor recent changes in inflation. However, the recent statistics appear to be quite confusing. The CPI rose only 0.1%, but the PPI for finished goods increase ...

Question suppose that the federal government announced a

Question: Suppose that the Federal Government announced a tax rebate of $500 for all individuals filing singly and $1000 for all families filing jointly or as head of household in the upcoming tax year. Further, suppose ...

Question suppose you were hired by the worcester college

Question: Suppose you were hired by the Worcester College Student Government Association (SGA) to estimate how much WorcesterCollege students spend on economics text books in a semester. Write an econometric model which ...

Question a daily production function for yo-yos is q i2l12

Question: A daily production function for yo-yo's is Q = I2L^1/2 + 8K^1/2. Show all your work for the following questions. (Use calculus for this problem where relevant: delta Q/delta L^-1/2 and delta Q/delta K = 4K^-1/2 ...

Question suppose an election is being held for soft drink

Question: Suppose an election is being held for Soft Drink Commissioner. The field consists of one candidate from the Pepsi party and four from the Coca-Cola party. This would seem to indicate a strong preference for Coc ...

Question an equipment costs 12000 and can be sold at the

Question: An equipment costs $12,000 and can be sold at the end of 5 years for $300. What is the depreciation for year 3 if the sum of years' digits depreciation method was used? The response must be typed, single spaced ...

Question expected utility question a worker currently makes

Question: Expected Utility question: A worker currently makes $1,200 per month waiting tables in Alabama. His friend in New York tells him that there might be a temporary job for him in New York that pays more. But, he w ...

Question 1 who is making bad decisions2 does the decision

Question: 1. Who is making bad decisions? 2. Does the decision maker have enough information to make a good decision? 3. The incentive to do so? The three step process is used to evaluate and analyze the decision. The fi ...

Assignment consumer demand analysis and estimation applied

Assignment: Consumer Demand Analysis and Estimation Applied Problems Please complete the following two applied problems: Problem 1: Patricia is researching venues for a restaurant business. She is evaluating three major ...

Question what factors would you consider when determining

Question: What factors would you consider when determining whether an investment in sub-Saharan Africa would be profitable for your company? Would the same factors hold for South Africa? The response must be typed, singl ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved