HW3-Product, Cost, Competition

HW3-Product, Cost, Competition - EEP 100 Homework 3 Due in...

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EEP 100 Homework # 3 Perloff Due in class March 16 Questions 1. To speed relief to isolated South Asian communities that were devastated by the December 2004 tsunami, the U.S. government doubled the number of helicopters from 45 to 90 in early 2005. Navy Admiral Thomas Fargo, head of the U.S. Pacific Command, was asked if doubling the number of helicopters would “produce twice as much [relief].” He predicted, “Maybe pretty close to twice as much.” (Vicky O’Hara, All Things Considered, National Public Radio, January 4, 2005, www.npr.org/dmg/dmg.php?prgCode=ATC&showDate=04-Jan- 2005&segNum=10&NPRMediaPref=WM&getAd=1 ). Identify the outputs and inputs and describe the production process. Is the admiral discussing a production process with nearly constant returns to scale, or is he referring to another property of the production process? 2. From the ninth century B . C . until the proliferation of gunpowder in the fifteenth century A . D ., the ultimate weapon of mass destruction was the catapult (John N. Wilford, “How Catapults Married Science, Politics and War,” New York Times, February 24, 2004, D3). As early as the fourth century B . C ., rulers set up research and development laboratories to support military technology. Research on improving the catapult was by trial and error until about 200 B . C ., when the engineer Philo of Byzantium reported that, by using mathematics, it was determined that each part of the catapult was proportional to the size of the object it was designed to propel. For example, the weight and length of the projectile was proportional to the size of the torsion springs (bundles of sinews or ropes that were tightly twisted to store enormous power). Mathematicians devised precise reference tables of specifications for builders and soldiers on the firing line. The Romans had catapults capable of delivering 60-pound boulders at least 500 feet. (Legend has it
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This note was uploaded on 02/04/2011 for the course EEP 100 taught by Professor Perloff during the Spring '10 term at Berkeley.

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HW3-Product, Cost, Competition - EEP 100 Homework 3 Due in...

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