input. The firm buys… Show more A firm has the production function x = f (L) , where x is output and L is labor input. The firm buys the input in a competitive market. (a) Assuming the firm sells its output in a competitive market, show that setting output where price equals marginal cost is equivalent to setting labor input where input price equals marginal value product. (b) Assuming the firm is a monopoly, show that setting output where marginal revenue equals marginal cost is equivalent to setting labor input where input price equals marginal-revenue product. (c) What restriction do we have to impose on the production function to ensure the second-order conditions in problems (a) and (b) are satisfied? • Show less

It is faced with a sup… Show more A monopsonist’s revenue as a function of its only input is R = az − bz2, z≥ 0 It is faced with a supply function for the input z = α + βp, p ≥ 0 where p is the input price, and a, b, α, β > 0. Find the profit-maximizing price and quantity of the input the monopsonist will choose, and compare the analysis to that of the profit-maximizing monopoly • Show less

What range of values must b lie in for a solu… Show more The demand function facing a monopolist is x = ap^(-b) What range of values must b lie in for a solution to the profit-maximization problem to exist? • Show less

this question is about economics. please solve it. this is short essay question.

Use an 8-year analysis period and a 10% interest rate to determine which alternative should be selec… Show more Use an 8-year analysis period and a 10% interest rate to determine which alternative should be selected: A First Cost: 5300 Uniform annual benefit: 1800 Useful life in years: 4 B First Cost 10,700 Uniform annual benefit: 2,100 Useful life in years: 8 Could you help me to do the B, like this way p=-10700+2100(p/a,i=10%,n=8) • Show less

MKTG homework— Find three Samsung ads. And prepare a few words about every ad(s).

1. A good without any close substitutes is likely to have relatively _______? demand, because consu

Suppose a closed economy decides to lower taxes (assume Ricardian equivalence does not hold), all el… Show more Suppose a closed economy decides to lower taxes (assume Ricardian equivalence does not hold), all else held constant. What will happen to savings, investment, and the interest rate? Show graphically what happens (be sure to label curves, axes, equilibria, and clearly show the direction of shifts). • Show less

Twenty-one equal end-of-year deposits are made into a savings account that pays 4% interest. Compute… Show more Twenty-one equal end-of-year deposits are made into a savings account that pays 4% interest. Compute the amount of each deposit that permits equal withdrawals of $10,000 at the end of the 18 th through 21 st years, leaving the account empty. Include a cashflow diagram with your solution PLEASE WRITE DOWN FULL STEPS THANK YOU • Show less

The annual maintenance costs for a facility are $2000 for the first year and increase by $300 each y… Show more The annual maintenance costs for a facility are $2000 for the first year and increase by $300 each year afterward. The facility life is 15 years. What is the present equivalent cost of maintaining the facility if interest is 8% compounded annually.PLEASE WRITE DOWN FULL STEPS THANK YOU. • Show less