Answers: 2

Business, 22.06.2019 05:00, nkazmirski3229

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage

Answers: 3

Business, 22.06.2019 05:40, dondre54

Suppose that a firm’s production function is given by q = ( k1/3 + l1/3 ) a , here α is a given parameter.(a) find the marginal product of capital and labor.(b) find the average product of capital and labor.(c) does this production function have increasing, constant or decreasing re- turns to scale? explain.(d) find the marginal rate of technical substitution (rts)(e) use your result in (d) to find the elasticity of substitution.(f) suppose a = 3. set up the cost minimization problem of the firm and solve for the conditional demand for k and l

Answers: 1

Business, 22.06.2019 12:30, badgirl2005

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Answers: 2

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