+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further presume that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
Microeconomics, Economics
Question - Lolita, an intelligent and charming Holstein cow, consumes only two goods, cow feed (made of ground corn and oats) and hay. Her preferences are represented by the utility function U(x, y) = x - x2/2+y, where x ...
Question: Rent controls that are set below market equilibrium prices can help ensure that poorer people will be able to obtain living space on reasonable terms. Does this make sense? The response must be typed, single sp ...
Question: In the earlier beekeeper, farmer, and writer example, show that it is impossible to find a payment by the writer that induces the beekeeper and farmer to arrange for the beekeeper to stay for only three days. T ...
Question: 1. Suppose that the utility possibility frontier for two individuals is given by U A + 2U B = 200. a- Draw the utility frontier b- If the social welfare function is of the Nietzschean type, W =max{U A , U B } ...
Question: What does "ambulance restocking" mean and who pays for it? How can fraud and abuse problems result? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA f ...
Question: I own a business that burns a million dollars a year of some fuel, and I cannot easily pass on increases in its price to my customers. Therefore, I trade futures and options to protect myself against increases. ...
Question - Jamie Corporation had the following information: $250,000 Cost of goods sold: Direct materials $50,000 Direct labor 37,500 62.500 150.000 Gross profit $100.000 Selling and administrative expenses Operating inc ...
Question: In 1993 the funds rate fell to 3% while the rate of inflation was also 3%. Bond yields also fell sharply that year. Since the funds rate was well below its equilibrium value, why didn't inflationary expectation ...
Question: When Microsoft was founded, the company devoted very few resources to lobbying activities. After a high-profile antitrust case against it, however, the company began to lobby heavily. Why does it make financial ...
Question: In June of 2009 the U.S. House of Representatives passed H.R. 2454, which introduced a "cap-and-trade" system to reduce carbon emissions associated with global warming. The federal government will issue a fixed ...
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.
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 coupon bonds. Under what conditions will a coupon bond sell at a p
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 $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 for 19 years, given a discount rate of 6 percent per annum. As