EBK MACROECONOMICS
12th Edition
ISBN: 9780100663305
Author: PARKIN
Publisher: YUZU
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Question
Chapter 12.4, Problem 2RQ
To determine
Identify the changes in the short-run
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Exercise 3
The production function of a firm is described by the following equation Q=10,000-3L2 where L
stands for the units of labour.
a) Draw a graph for this equation. Use the quantity produced in the y-axis, and the units of labour in
the x-axis.
b) What is the maximum production level?
c) How many units of labour are needed at that point?
d) Provide one reference with you answer.
Exercise 1
Consider the market supply curve which passes through the intercept and from which the market
equilibrium data is known, this is, the price and quantity of equilibrium PE=50 and QE=2000.
Considering those two points, find the equation of the supply.
Draw a graph of this line.
Provide one reference with your answer.
Exercise 2
Considering the previous supply line, determine if the following demand function corresponds to the
market demand equilibrium stated above. QD=3000-2p.
Chapter 12 Solutions
EBK MACROECONOMICS
Ch. 12.1 - Prob. 1RQCh. 12.1 - Prob. 2RQCh. 12.1 - Prob. 3RQCh. 12.1 - Prob. 4RQCh. 12.1 - Prob. 5RQCh. 12.2 - Prob. 1RQCh. 12.2 - Prob. 2RQCh. 12.2 - Prob. 3RQCh. 12.2 - Prob. 4RQCh. 12.2 - Prob. 5RQ
Ch. 12.2 - Prob. 6RQCh. 12.2 - Prob. 7RQCh. 12.3 - Prob. 1RQCh. 12.3 - Prob. 2RQCh. 12.3 - Prob. 3RQCh. 12.3 - Prob. 4RQCh. 12.3 - Prob. 5RQCh. 12.3 - Prob. 6RQCh. 12.4 - Prob. 1RQCh. 12.4 - Prob. 2RQCh. 12.4 - Prob. 3RQCh. 12.4 - Prob. 4RQCh. 12 - Prob. 1SPACh. 12 - Prob. 2SPACh. 12 - Prob. 3SPACh. 12 - Prob. 4SPACh. 12 - Prob. 5SPACh. 12 - Prob. 6SPACh. 12 - Prob. 7SPACh. 12 - Prob. 8SPACh. 12 - Prob. 9APACh. 12 - Prob. 10APACh. 12 - Prob. 11APACh. 12 - Prob. 12APACh. 12 - Prob. 13APACh. 12 - Prob. 14APACh. 12 - Prob. 15APACh. 12 - Prob. 16APACh. 12 - Prob. 17APACh. 12 - Prob. 18APACh. 12 - Prob. 19APACh. 12 - Prob. 20APACh. 12 - Prob. 21APACh. 12 - Prob. 22APACh. 12 - Prob. 23APACh. 12 - Prob. 24APA
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