Question: Answer the following question Section [Section - 2] 2 of 2 Question : 2 of 4 Marks for this Question : 5 Upload answer sheets

Answer the following question

Section [Section - 2] 2 of 2 Question : 2 of 4 Marks for this Question : 5 Upload answer sheets Given the labor demand function 1(q) = f + cq where I(q) is labor demanded, f is the fixed cost of production and c is the constant marginal cost. Assume T - pq - wcq - wf, . Derive p by maximizing profit. . If you are given that we are following Dixit Stiglitz's demand system how would you comment upon the economy of scope and the variety produced? Once you upload files from your second device, click on Sync to check your submission Camera nish C Clear Response

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!

Please answer the following Question 4. What-if analysis (25 marks) Answer the following questions considering the sensitivity analysis report given below: 6 Variable Cells Final Reduced Objective...

Please answer the following question based on the C programming language Question 3 (15 marks) Timber Regrowth A challenge in timber management is to determine how many acres to leave uncut after...

QUESTION 1 PART 1 25 Marks Shemica and Troy have been inseparable since their first year at Utech. Now in their third year they need to select courses. They have come across a study of seven (7)...

Consider the table given below to answer the following question. Year 1 2 3 4 5 6 7 8 9 10 Asset value 9.00 10.26 11.70 13.33 14.80 16.43 18.24 19.69 21.27 22.97 Earnings 1.26 1.44 1.64 1.87 2.07...

Consider the table given below to answer the following question. Year 1 2 3 4 5 6 7 8 9 10 Asset value 8.00 9.20 10.58 12.17 13.63 15.26 17.09 18.63 20.31 22.14 Earnings 1.20 1.38 1.59 1.83 2.04 2.21...

Help plz L QUESTION 3 11 MARKS NARC TRADERS STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDING 31 JULY 2020 2020 R 302 500 (276 000) Sales Cost of sales: Opening inventory...

please complete in excel and send answer to my email janielmcewan17@gmail.com starting at Part A.... Need ASAP GROUP PROJECT FOR MGMT2012 SEMESTER 1, 2021/2022 The completed project must be uploaded...

.Help me answer all : Compare flexible and fixed exchange rate regimes, which of the following statement is correct? Under a flexible exchange rate the central bank cannot use monetary policy to...

please help me do this assignment. thank you very much Assessment Information - Trimester 1, 2017 Subject Code: Subject Name: Assessment Title: Weighting: Total Marks: Due Date: ACC 302 Auditing &...

What is the Operating Ratio for this company? INCOME STATEMENT Particulars Amount Income 687,700 Revenues from Court Fees 678,100 Revenues from Locker Fees 9,600 Expenses Cost of Sales: 474,600...

National Leasing is evaluating the cost of capital to use in its capital budgeting process. Over the recent past, the company has averaged a return on equity of 12% and a return on investment of 9%....

Bay Breeze Beachwear Inc. ( BBB ) is a small business located in Santa Monica, California. It sells swimwear and related products to specialty stores throughout the United States. It also sells its...

13. You travel to China to meet with representatives of a company to whom your organization is considering outsourcing the manufacturing of a new product. Why it is important for you to develop your...

2. Think of a person you really appreciate and who is a role model for you, such as something you admire for what the person does or has done (historical people, friends, family, from fairy tales,...

5. List at least three personal roles that you want to perform better. What can you imagine doing to perform better in these three personal roles. Use tomorrow to improve what you think can be...

10. Imagine that the goal has been reached. Now think about the path you have to take to reach the goal. How did you influence other people to achieve your goal? Imagine walking along the path you...