2. Explain how each of the following factors may affect LRAS and SRAS respectively.In particular, explain whether and in which direction each of the building blocks ofLRAS and SRASS – viz., labor supply (N*), labor demand (Nd), capital supply(K*), capital demand (K“), and the production function – as well as the aggregatesupply (AS) curves themselves may shift in response to the changes below.(a) A rise in the labor force participation rate (LFPR).

Given: Let us determine an increase in the rate of labor force participation (LFPR).

Answered: 2. Explain how each of the following…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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In the manufacture of a product, fixed costs per week are $4000. Fixed costs are costs, such as rent and insurance, that remain constant at all levels of production during a given time. If the marginal-cost dc function is dq 0.000001q? – 0.25q + 0.2. (i) Compute the fixed cost of producing 10,000 kg in l week. (ii) Compute the total cost of producing 10,000 kg in 1 week.
Provide the General Solution of each differential equations. Box your Final Answer and show your solutions:
HW QI:A workstation is used to produce three types of products (P1, P2 and P3) such that workstation parameters are product dependent, see table. Given that cach machine is available 92% of the time and the machine is operated 1 shift per day, 6 hours per shift, 5 days a week, and 48 weeks per year, how many machines should the owner buy to satisfy demand? Processing time (min'unit) 3. 75 24 Weekly Demand (unit) 120 90 254 Rework level Rework time (min'unit) % scrap after rework 50 40 10 (%) PI P2 P3 3. Q2: A customized box assembly sonsiste
Suppose an analyst models mortgage application rejection rejection (Reject) as a function of the individual applicant income (Income): Reject i = β0 + β1 Income i + ε i Suppose an individual is characterized as belonging to one of the following three groups: Hispanic, Black, or neither. How would you augment this model to test whether the effect of income on mortage rejection differ based on this race/ethnicity categorization?
Table 1. The manager of Carpet City outlet store needs to be able to forecast accurately demand for Soft Shang carpet. Demand for the past 20 weeks appears in table 1 below. week Demand Forecast Error ABS. Dev Squared Error APE 1 20 2 28 3 22 4 18 5 22 6 22 7 22 8 26 9 23 10 23 11 23 12 27 13 25 14 22 15 23 16 14 17 14 18 15 19 11 20 16 21 22 23 24…
3. Prove that if the more general form of the Cobb-Douglas production function Y = AK" L exhibits constant returns to scale then B = 1- a.
1. The demand function for a good is given by the equation P = a − bQ while the total cost function is TC = dQ2 + eQ + f,where a,b,d,e and f are positive constants. (a) Derive the equation for profit. (b) Derive an expression for the value of Q for which profit is maximised.
Observations of the demand for a certain part stocked at a parts supply depot during the calendaryear 2013 were: Month Demand Month Demand Jan 89 july 223 Feb 57 august 286 mar 144 sept 212 april 221 oct 275 may 177 nov 188 june 280 dec 312 a) Using a four-month moving average, determine the one-step-ahead forecast for Julythrough December 2013.b) Using a four-month moving average, determine the two-step-ahead forecast for Julythrough December 2013.c) Obtain the MAD for the forecasts obtained in the above sections. Which method gavebetter results? Based on forecasting theory, which method should have given betterresults?
1. Consider the following four demand functions for money: (1) InM," = a, +a,InY," + a, In R, + a, In P, + u, (2) InM," = ß, + B,lnY, + ß, In R, + ß;, In P, + u,2 where M,", Y,", R, and P, denote, respectively, aggregate nominal money demand, aggregate national income, long-term interest rate, implicit price deflator. These two money demand equations are estimated for the period 1949-1965 and the following estimated equations are obtained: (1) InM," = 3.999 +1.710lnY," – 0.608 In R, – 0.759 In P, R² = 0.942, SSR = 0.080 (0.469) (1.801) (0.416) (2) InM," = 3.999 +1.710lnY, – 0.608 ln R, +0.9519 ln P, (0.651) R² = 0.942, SSR = 0.080 (1.801) (0.416) (0.469) (0.651) (b) In Model (2) test the hypothesis that the price level has no significant effect on real money demand using t and F statistics. Windov Windowr

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