Question: 1. Given the solution function c(w, y) = Zi wixi wixi - A [p(x) - yl Prove that 1* = marginal cost

1. Given the solution function c(w, y) = Zi wixi wixi

- A" [p(x) - yl Prove that 1* = marginal cost

1. Given the solution function c(w, y) = Zi wixi wixi - A" [p(x) - yl Prove that 1* = marginal cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

9/14/10 12:39 PM Page 381 Chapter dug84356_ch06a.qxd 6 Rational Expressions Advanced technical developments have made sports equipment faster, lighter, and more responsive to the human body. Behind...

Q:

Problem 3. (Technology) a) What can you say about the returns to scale (chose: IRS, CRS or DRS) and MPK (chose: increasing, constant, or decreasing). (2pt) The technology exhibits decreasing returns...

Q:

Microeconomics,, B. New machines, new buildings and other capital goods that add to the existing stocks of capital. C. Both D. None of the above. 2. Net investment is equal to- A. Gross investment...

Q:

9. [1/3 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 9.6.038. The revenue in dollars from the sale of x units of a product is represented by the following formula. (Round your answers to the nearest...

Q:

1. (30 points) Consider the following technology: C(yi) = y 3 i 8y 2 i + 36yi (1) Many firms have access to this technology, in fact so many that there is not room for all to profitably operate in...

Q:

please explain in using short brief notes 6. In Lower Slohohia all electricity is provided by a publicly-owned enterprise. The manager- of the lien is cemented only about the present discounted value...

Q:

Section A. This question has several parts Discuss how we measure real GDP in the United States. Describe 3 issues with relying on GDP as a measure of the quality of life. This question has several...

Q:

4. Answer the following short questions: 2 (a) Can you find a utility function u(x1, x2) resulting in the following demand func- tions for the two goods 1, 2: -0.7 1(P1 P2, w)=wp 1 and 12(P1, P2,...

Q:

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Q:

soth a. On December 31, 2018, ABC Partnership's Statement of Financial Positions shows that A, B and C have capital balances of P500,000, P300,000 and P200,000 with profit or loss ratio of 1:3:6. On...

Q:

Would a 51-foot ladder actually be long enough to climb a 50-foot wall? 1. OSHA is an agency responsible for workplace safety, read its rule and sketch a diagram that shows the proper relationship...

Q:

Why it is dangerous to touch the terminals of a high voltage capacitor even after the applied potential difference has been turned off? What can be done to make the capacitor safe to handle after the...

Q:

Question ( 6 ) What would be considered a personal contingent liability for a guarantor of a business loan?The individual has subordinated debt to the business.The individual has guaranteed another...

Q:

McGuire Corporation is planning to acquire a corporate jet to increase the efficiency and security of its executives who will use the jet for both business trips and personal vacations. McGuire...

Q:

Mary Kelly is a scholarship soccer player at State University. During the summer, she works at a youth all-sports camp that several of the university's coaches operate. The sports camp runs for 8...

Q:

In "The Possibility" Restaurant case problem in Chapter 2, Angela Fox and Zooey Caulfield opened a French restaurant called "The Possibility." Initially, Angela and Zooey could not offer a full,...

Q:

Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in...

Q:

Eastwind Corporation purchased 400 common shares of Ditch Inc. for $l3,200 on February 21. Eastwind paid a 1% commission on the share purchase and, because the shares were not publicly traded,...

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

Personal role: This consists of service to family and friends.

Q:

The role of life: It consists of your own service to yourself.

Q:

Competence: What knowledge, skills and attitude do I have towards what I am going to do?