La “Gran Colombia” fue la unión política impulsada por
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The following description will be used in questions 7 to 12….
The following description will be used in questions 7 to 12. A firm produces x according to the cost function c(x)=20x+25. The demand for x is represented by the inverse price demand curve p=A-bx, where p is the price faced by consumers and A and b are positive numbers.
By solving question 10, you can see that the market will off…
By solving question 10, you can see that the market will offer 40 units of x and sell them at a price of 20. As expected, the competitive market can offer x at a lower price than the monopoly. Use this information to calculate the dead weight loss from the monopoly.
Assume there is perfect competition with a tax of $2 per uni…
Assume there is perfect competition with a tax of $2 per unit of x. What is the deadweight loss of this tax? (This is a bonus question, you can get 10 extra points)
Why must this problem be solved using KKT? (This is a bonu…
Why must this problem be solved using KKT? (This is a bonus question, you can get 5 extra points)
The following description will be used in questions 2 to 6….
The following description will be used in questions 2 to 6. Consider two distinct production functions (f1 and f2) that use two inputs (x1 and x2) to produce one output (y). Such functions have the form f1=min (a*x1 , b*x2) and f2=c*x1+d*x2, where a,b,c and d are positive scalars, p1 is the cost of one unit of input x1, p2 is the cost of one unit of input x2, and y represents the production level.
Which of the following is one of the primary mechanisms that…
Which of the following is one of the primary mechanisms that cause an acromioclavicular joint sprain?
If an athlete steps into a hole and the ankle is forced into…
If an athlete steps into a hole and the ankle is forced into dorsiflexion, which ligament is usually involved?
Strains are always a problem for athletes. Why do they tend…
Strains are always a problem for athletes. Why do they tend to recur?
Which of the following is caused by improper care of a thigh…
Which of the following is caused by improper care of a thigh contusion, leading to ectopic bone formation within the quadriceps muscle?