Economics Answers

A firm has a production function: Q=95K^{0.3}L^{0.2}R^{0.25}
Prices for the purchase of the respective K, L and R inputs are $ 30, $ 16 and $ 12 per unit. If the selling price of the product is $ 4 per unit, which is the maximum profit of the firm.(use hessian matrix)

if the cost of production of milk per tin increased by 50 k (from $2.00 to $2.50) and the quantity increased from 200 to 280 tins per week, determined the cost of elasticity of supply.

With the aid of a diagram, discuss the welfare effect of this new legislation if the new minimum wage is (1) below the equilibrium wage and (2) above the equilibrium wage rate with labour hours as your quantity variable.

How does the conduct of element influence the structure of the markey

Mention one of the instruments of monetary policy and describe how the SARB will manipulate it?

Population census has been downplayed for several reasons discuss

A firm has a production function:
Prices for the purchase of the respective K, L and R inputs are $ 30, $ 16 and $ 12 per unit. If the selling price of the product is $ 4 per unit, which is the maximum profit of the firm.(use hessian matrix)

1. A firm trades two types of products that have a demand function:

Find the selling price for each product in order to maximize revenue from product sales. (use hessian matrix)

If a R200 billion increases in investment spending creates R200 billion of new income in the first round of the multiplier process and R160 billion in the second round calculate :
A. The Marginal propensity to consume (MPC)
B. The value of the expenditure multiplier in this closed economy

Q=100K^0.5L^0.5,C*=100,w=30,r=40,determine the amount of capital and labour required to maximum output.what is the maximum output?