Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

I have the answers to these two questions, but I need to know HOW to get these answers. Thanks.

Question 1
Suppose there are two goods beverage and pizza and two inputs land, T, and labor, L. Given atb=5014, atp=971, alb=2532, alp=1964,T=5807, and L=5018. What is the amount of pizza at the point of intersection between land and labor constraints. (Answer should have two decimal places).
Answer:(1.42)

Question 2 0
Suppose there are two goods, pizza and beverage. Suppose alp=5216, atp=959, alb=2514, atb=1924, Pp=10700, and Pb=11400. What is the equilibrium wage?
Answer:(1.27)

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9503190

Have any Question?


Related Questions in Microeconomics

Question according to some reports more than 40 percent of

Question: According to some reports, more than 40 percent of the American servicemen sent to Vietnam experimented with heroin. Of these, 57 percent became addicts in Vietnam. Upon their return, however, only 10 percent r ...

Question suppose p 20 - 2q is the market demand function

Question: Suppose P = 20 - 2Q is the market demand function for a local monopoly. The marginal costis 2Q. The local monopoly tries to maximize its profits by equating MC = MR and charging auniform price. What will be the ...

Question in 2009 us households were not even buying a

Question: In 2009 U.S. households were not even buying a toaster when it wore out. Which economies that are major trading partners of the United States are presently in slowdowns? How long do you think that situation wil ...

Question in 1998 the bank of japan reduced the short-term

Question: In 1998 the Bank of Japan reduced the short-term interest rate to zero, yet the economy did not rally but remained in recession. Why did monetary policy fail to work? What else do you think the Bank of Japan co ...

Questionnbsppeople join tennis clubs for a fixed fee per

Question:  People join tennis clubs for a fixed fee per year, which entitles them to play as much as they want without charge. Because people who pay these fees play more tennis than others (who can use free public court ...

Problem now consider question if you are a manufacturer of

Problem: Now consider question if you are a manufacturer of auto parts. How would your answer differ? How would it differ for manufacturing and retail firms generally? Question: Suppose you work for a large retail chain ...

Question under what conditions would you expect the recent

Question: Under what conditions would you expect the recent rapid growth rates in the Indian subcontinent and south Asia to continue, and under what conditions are they likely to diminish in the near future? The response ...

Question an economic consultant studies the labor policies

Question: An economic consultant studies the labor policies of a firm where it is difficult to monitor workers and prepares a report in which she recommends that the firm raise employee wages. At a meeting of the firm's ...

Question by visiting the bureau of labor statistics website

Question: By visiting the Bureau of Labor Statistics website, find the latest unemployment rate available for your state (New Jersey 4.2% in Mar 2017). How does the unemployment rate of your state compare to that of the ...

Question consider the following products decide whether

Question: Consider the following products. Decide whether each one meets the conditions of perfect competition-state that it does or does not. Try, as much as possible, to answer these questions related to this good:Do b ...

  • 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