5. Suppose that an economy’s production function is cobb-douglass with CRS(Y=AK^α * L^1-α ) and

Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 appears to be driv… Show more Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 appears to be driven in part by the Madoff Ponzi scheme. Indeed, af- ter the SEC’s investigations failed to detect the Madoff fraud (see Case 1.12), many sections of Title IX sought to improve the performance of the Securities and Exchange Commission (SEC). How? 
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Find the equilibrium price (P), qualtity (Q), and revenue in a market characterized by the following… Show more Find the equilibrium price (P), qualtity (Q), and revenue in a market characterized by the following equations: Qd = 50-2P (demand) Qs = 3P (supply) Can someone please show me how to calculate this, and what the graph would look like? I appreciate your help. • Show less

1. In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at

Please check my answer ! Thanks i know i got it all wrong

The market supply and demand functions for a product traded on a perfectly competitive market are gi… Show more The market supply and demand functions for a product traded on a perfectly competitive market are given below: QD = 40 – P QS = -5 + 4P Based on this information, calculate the equilibrium price and quantity in this market. • Show less

Tax rate 30%. What is the ratio of rich’s family income befo… Show more Rich family before in come tax 500,000 Tax rate 30%. What is the ratio of rich’s family income before taxes and after taxes? • Show less

) Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal ext… Show more ) Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 20%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present value of the net benefits for the use of the resources. Draw your answer on a graph. • Show less

Suppose that Bill cares only about chai and bagels. Her utility function is U=CB, where C is the num… Show more Suppose that Bill cares only about chai and bagels. Her utility function is U=CB, where C is the number of cups of chai she drinks in a day, and B is the number of bagels she eats in a day. The price of chai is $2, and the price of bagels is $1.50. Bill has $6 to spend per day on chai and bagels. C) Draw Bills indifferance MAP D) Set up Bills optimization problem. E) Find the partial derivatives of L w.r.t C,B, and lamda F) Set the partial derivatives of L w.r.t. C,B, and lamda each =0: This will give you three equations and three unknows. Solve for C, and B. • Show less

Consider a consumer with utility function u(x1, x2) = x1 + x2 and income m who faces given prices p1… Show more Consider a consumer with utility function u(x1, x2) = x1 + x2 and income m who faces given prices p1 and p2. (a) Derive the demand function of good 1. 1 (b) Whatistheoptimalconsumptionofgood1ifm=6,p1 =1andp2 =3? (c) Draw the budget constraint, optimal choice and indifference curve going through this optimal choice. (d) Imagine that the price of good 1 increases to p1 = 2. What is the optimal demand of good one now? (e) Draw the new budget constraint, optimal choice and indifference curve going through this optimal choice. (f) What is the effect of the increase in price on the consumption of good 1? How much of this effect in consumption is due to the income effect and how much to the substitution effect? (g) Explain why the decomposition of the effect into the income and substitution effect is different than the one in the related video. • Show less