Question A   Suppose the short-run production function is q = 1L0.5. If the marginal cost of producing the 10th unit is $8, what is the wage per unit of labor?
 Question  B A consumer has the utility function U(q1,q2) = q10.5 + q2 Assume p2 = 1 and Y = 100. What is the equivalent variation of a price increase for good 1 from 1 to 4?

Q: The demand equation for school lunches is x=64-8p where x is the number of lunches purchased and p…

A: Demand equation: - demand equation is the mathematical equation that shows the relationship between…

Q: Research shows that the demand function for a new product is d(x)=-5 x+18, where x represents the…

A: Demand : d(x)=-5x+18 Cost : C(x)=2x+9   a. Revenue=Price*Quantity R(x)=d(x).x R(x)=[-5x+18].x…

Q: Suppose the demand function for a product is given by the function: D(q) = -0.018q+90 Find the…

A: Consumer surplus is the difference between what consumers are willing to pay for a good or service…

Q: For the following demand. function: Q(P) 2142-17P = Calculate the price where the quantity demanded…

A:

Q: The demand function for x is D(p) = 65 - 2p and the supply function is S(p) = 20 + p. What is the…

A: To find the price that restricts the quantity supplied to 30 units, we need to set the supply…

Q: 2. The supply Qs = s(P, Pm) has the functional form of: Qs = -12 + 0.5P - 2Pm initially, the…

A: The term "supply" refers to the overall quantity of a certain commodity that is made available to…

Q: Given the demand function D(p) = V400 – 4p,

A:

Q: A company that makes sweatshirts is willing to supply 156 sweatshirts each month if the price is $24…

A: We know that supply function is a function of price.  Given: Supply = 156 when price = 24…

Q: Assuming that Pepsi-Cola and Coca-Cola are substitutes, a rise in the price of Pepsi-Cola, other…

A: Substitutes are those goods that are consumed in place of each other as each of them provides almost…

Q: A firm has a productivity equation is labour and K is capital. K² where L The unit cost (cost for…

A:

Q: The estimated supply function for avocados is Q = 6 + p/3 - 3f, where f is the price of fertilizer.…

A: Given: Q=6+p/3-3f Where, f=price of fertilizer Note: Due to multiple questions being posted, the…

Q: Suppose the demand for a good was given by the function: QD = 350 - 0.4P Calculate the choke price…

A: The individual's ability to buy a product in the market is described as the demand. The consumer…

Q: Suppose that the sales function for a product L has been estimated as:…

A: The sales function for the product L is given as The price of product L is given as $15The price of…

Q: Use the following general linear supply function to answer the next question: Qs = 60 + 8P- 4P +…

A: Answer;   Option b. P= -147.5 + .125Qs is correct option.

Q: Supply function is a functional relationship between quantity supplied of a commodity and

A: # we know that the law of supply give the relationship between the quantity supplied and the price…

Q: In this problem, p is in dollars and x is the number of units. The demand function for a product is…

A: Equilibrium of market is achieved when demand for goods and services are equal to supply for goods…

Q: c) The supply function for a thermal underwear is Qs=-200 +150p. Find the minimum price…

A: Answer: Given, Supply function: Qs=-200+150p P-intercept is the minimum price where the quantity…

Q: What is the slope of the given supply curve?

A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…

Q: MacGuffins have a demand function of QD = 70 – P and a supply function of QS = 2P + 10. Determine…

A: Supply function: It means the functional relationship between the quantity of goods supplied and…

Q: Andy's monthly demand (in number of bars) for "Clif Builder's" protein bars is given by 9 = 8 - 2P +…

A: Demand functionQ= 8 - 2P + (I - T) /1000When I=$7500--- monthly incomeT=$2500--- Monthly taxP=$3

Q: certain cleaning company cleans professional offices and believes its staff can clean up to 300…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: The demand x is the number of items that can be sold at a price of $p. For x = 11,000 – p4 , find…

A: x=11000-p4 x=11000-p2x=10110-p2p=10110-x

Q: Let p = - - 2x + 20 be the demand function, where p is the unit price of a certain commodity, and a…

A: * SOLUTION :-

Q: Due to several supply-chain issues the price of computer chips has risen in recent months (this part…

A: Supply is the quantity suppliers are willing to sell in the market at various price level. The law…

Q: The demand and supply functions for a particular commodity are D(x) = 80e-0.001x and S(x)= 30e0.001r…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: The market demand and supply for a good are given by the functions: QD = 200-8P, and QS = 2P-10 i)…

A: Given: The demand function is: QD = 200 - 8P The supply function is: QS = 2P - 10 To Find: The…

Q: During the 1950s the wholesale price for chicken for a country fell from 25e per pound to 14e per…

A: Demand function seeks to explain how the quantity demanded by buyers is related to the price of a…

Q: I. Given the production function Q = AK“LF the partial derivatives with respect to K an and give…

A: Elasticity of demand depicts how much consumer responds with the change in the price level.