2. Consider the following production function: Y, = A,K,"L!. Assume that this production function is characterized ... 查看全部
A firm that has as its objective the maximization of revenues rather than profits would produce an output level for whic... 查看全部
1. Suppose that the economy is characterized by the following equations: C = 160+ 0.6Yp, i 150, 150, and T 100. T Solve ... 查看全部
Is a trade deficit bad? Check all that apply.a. Yes, if current consumption is lower, and investment ishigher.b. No, if ... 查看全部
2. For the economy in the last problem above: (a) Assume that output is equal to 900. Compute total demand. Is it equal ... 查看全部
1. Draw a graph representing a perfectly competitive firm earning an economic profit. (Make sure to show both the firm a... 查看全部
3. For both political and macro-economic reasons, governments are often reluctant to run budget deficits. Here, 1 we exa... 查看全部
4. Consider the following model of the economy: = co + CYD. T to +ty, and Үр Y-T G and I are both constant. (a) Is t, gr... 查看全部
1. Taco Tuesday a. You're back at a taqueria with $24 in your pocket. Tacos cost $3, but it's Taco Tuesday and the taque... 查看全部
Suppose the market for cell phones can be characterized by thefollowing demand and supply relationships: