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Using the leading edge, calculate the Rf factor of pigment spot D.  

A firm’s production function uses two inputs, labor and capital, and can be written as Q = 5LK, where Q represents output per day (in tons). The unit costs of inputs are $150 for labor (L) and $1,000 for capital (K). For this production function, the marginal product of capital (MPK) is 5L, and the marginal product of labor (MPL) is 5K. Determine the combination of L and K that minimizes the cost of producing 30,000 tons of output per day. Also determine the total cost of producing 1,000 tons per day. Leave the field below blank. Score will be based on the photo / pdf of your work.

The price elasticity of demand for a good is computed to be approximately 2 (in absolute value). Using this elasticity estimate, what would you predict would happen to the quantity demanded if the price increases by 0.1 percent?

What Pigouvian subsidy would bring about the efficient outcome in this market?

Consider a perfectly competitive industry in long-run equilibrium. Suppose demand for the product increases. Trace through the impact on both the industry and an individual firm in the short-run and the long run. Be sure to illustrate your answer using both a supply-and-demand diagram for the entire industry and a set of cost curves for an individual firm in the industry. (Copy the setup below to your scratch paper and add to it as necessary.) Firm Industry Leave the field below blank. Score will be based on the photo / pdf of your work.

Consider the figure below.   At a price of $1.50, there is

The figure below depicts average total cost functions for a firm that produces automobiles. The curves ATCA, ATCB, ATCC, and ATCD represent short run average total cost curves associated with different levels of capital. The lower envelope of those curves represents the firm’s long-run average total cost curve. The firm experiences increasing returns to scale at which output levels?

In the diagram below, the vertical distance between A and B represents a tax imposed in the market. The amount of deadweight loss as a result of the tax is

The total cost (TC) of producing e-cigarettes (Q) is TC = 900 + 7Q. Which of the following is an expression for average fixed cost?

Suppose a competitive industry consists of many identical firms, each of which has the following cost curves. If the price is $3.5 in the short run, what will happen in the long run?