Economics: Private and Public Choice (MindTap Course List)
15th Edition
ISBN: 9781285453538
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 26, Problem 10CQ
(a):
To determine
Impact of compulsory 8 hour early hours shift on hourly earnings.
(b):
To determine
Impact of splitting working hours on hourly earnings.
(c):
To determine
Impact of child care services on hourly earnings.
(d):
To determine
Impact of prestigious status of job on hourly earnings.
(e):
To determine
Impact of changing cities on hourly earnings.
(f):
To determine
Impact of out-of-town travel on hourly earnings.
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Exercise 4A firm has the following average cost: AC = 200 + 2Q – 36
Q
Find the stationary point and determine if it is a maximum or a minimum.b. Find the marginal cost function.
Exercise 4A firm has the following average cost: AC = 200 + 2Q – 36
Q
Find the stationary point and determine if it is a maximum or a minimum.b. Find the marginal cost function.
Exercise 2A firm has the following short-run production function: Q = 30L2 -0.5L3a. Make a table with two columns: Production and Labour b. Add a third column to the table with the marginal product of labour c. Graph the values that you estimated for the production function and the marginal product oflabour Exercise 3A Firm has the following production function: Q= 20L-0.4L2a. Using differential calculus find the unit of labour that maximizes the production. b. Estimate function of Marginal product of labor c. Obtain the Average product of labor. d. Find the point at which the Marginal Product of Labour is equal to the Average Product of Labour.
Chapter 26 Solutions
Economics: Private and Public Choice (MindTap Course List)
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