Principles of Macroeconomics, Loose-Leaf Version
8th Edition
ISBN: 9781337096881
Author: Mankiw, N. Gregory
Publisher: South-Western College Pub
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Chapter 16, Problem 3CQQ
To determine
The money created by the banks.
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Consider a firm with the following production function Q=5000L-2L2.a. Find the maximum production level.b. How many units of labour are needed at that point. c. Obtain the function of marginal product of labour (MRL)
d. Graph the production function and the MRL.
Exercise 4A firm has the following total cost function TC=100q-5q2+0.5q3.
Find the average cost function.
A firm has the following demand function P=200 − 2Q and the average costof AC= 100/Q + 3Q −20.a. Find the profit function. b. Estimate the marginal cost function. c. Obtain the production that maximizes the profit. d. Evaluate the average cost and the marginal cost at the maximising production level.
Chapter 16 Solutions
Principles of Macroeconomics, Loose-Leaf Version
Ch. 16.1 - Prob. 1QQCh. 16.2 - Prob. 2QQCh. 16.3 - Prob. 3QQCh. 16.4 - Prob. 4QQCh. 16 - Prob. 1CQQCh. 16 - Prob. 2CQQCh. 16 - Prob. 3CQQCh. 16 - Prob. 4CQQCh. 16 - Prob. 5CQQCh. 16 - Prob. 6CQQ
Ch. 16 - Prob. 1QRCh. 16 - Prob. 2QRCh. 16 - Prob. 3QRCh. 16 - Prob. 4QRCh. 16 - Prob. 5QRCh. 16 - Prob. 6QRCh. 16 - Prob. 7QRCh. 16 - Prob. 8QRCh. 16 - Prob. 9QRCh. 16 - Prob. 10QRCh. 16 - Prob. 1PACh. 16 - Prob. 2PACh. 16 - Prob. 3PACh. 16 - Prob. 4PACh. 16 - Prob. 5PACh. 16 - Prob. 6PACh. 16 - Prob. 7PACh. 16 - Prob. 8PACh. 16 - Prob. 9PACh. 16 - Prob. 10PACh. 16 - Prob. 11PACh. 16 - Prob. 12PA
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