What are the “Dorfman-Steiner” conditions? Could you derive the formula?(Hint: You may need to look online for this answer if it is not covered in class. Write down a revenue function and take derivative.).
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What are the “Dorfman-Steiner” conditions? Could you derive the formula?(Hint: You may need to look online for this answer if it is not covered in class. Write down a revenue function and take derivative.).
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- Could you explain again how you got part a? I don't understand what RHS is nor what the answer is for the partial derivative for price with respect to wagequestion a) only :) I am thinking sub E(t) into Y(t), take log and do the partial derivative. But I am stucking in doing the partial derivative. Appreciate your help.In this assignment you will generate a basic PESTEL analysis report for a company of your choosing. For starters, go to this link- https://fourweekmba.com/pestel-analysis/ with this resource you can generate Pestel Analyses or see examples of some basic analyses for different companies. You are going to choose one company analysis (either generated by the AI or using one of the examples developed in the resource
- The expression for Hui's MRS (= Ux/Uy) is given by MRS= 4.5y/(x+1). What is the value of the derivative dMRS/dx at the point were x=2 and y=1.1? Remember to enter the number in decimal form. If the number is negative, then use the negative sign (e.g., -3.29839).Complete all of the following definitions1.4) You use RM40,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of Working Calculation:
- Write a paragraph to explain to your CEO that based on using regression analysis, through using the solver tool of excel, recalculate the optimum units to produced this month is 800 pro 200 mini to have the maximize revenue of $174,400.00. Explain what/why would it be if you make any changes in the units to stay within the constraints that you have it would produce less money.Which of the following statements is false concerning partial derivatives? Consider the total cost function where Q is output level. TC-f(Q,r) O The first partial TC with respect to Q gives the instantaneous rate of change of the TC function with respect to output. The second partial of TC with respect to Q gives the instantaneous rate of change of the MC function with respect to output. The cross partial derivative of TC with respect to Q and then requals the cross partial of TC with respect to r and then Q. order of differentiation does not matter. To minimize this function, the first order conditions (FOC) are to set the first partials equal to zero and solve for Q and r. The second order partial derivatives give the slope of the original function, TC.is profit maximisation seen as local minimum or maximum? Is part (b) the correct way of doing first derivative? There is image of the questions, another image of the answers of part (a) and (b).
- 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufac- tures 64-megabit dynamic random-access memory chips (DRAMs) for personal comput- ers (PCs). One year ago you acquired the land for this facility for $2 million, and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing and investing. You could sell the land, plant, and equipment today for $8 million; you estimate that the land, plant, and equip- ment will gain 6% in value over the coming year. (Use a one-year planning horizon for this problem.) In addition to the cost of land, plant, and equipment, you incur various operating expenses associated with DRAM production, such as energy, labor, raw materials, and packaging. Experience shows that these costs are $4 per chip, regardless of the number of chips produced during the year. In…What is the partial derivative of k3-2/² with respect to k? O2k O 3k² 3k³ O Ок1.5) You use RM50,000 of your own money to start an espresso stand. During the first year you earn a 10% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of Working Calculation:
