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We, a CD? a- A; mwli CM 2.
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. J \anheS 44406 mm are no (/22: Wal FM 0511
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fob wa-u-le: K ~70
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This is a fixed proportion production function So assume k=l
From that, you can calculate TC=wl+vk =(w+v)l (from l=k)
The rest follows.
When all the other sellers have sold, the total supply of the other
1. Consider the following utility function:
U = X 2 + Y 2;
If P x = 3 and P y = 2.5, and the income is I
= 50. Find the optimal
2. What is the difference between concavity and quasi-concavity? If a function is quasi-c
Divide the population of U.S. workers (population) into two categories: those who have a job in the goods-producing industries
construction, and manufacturing), and those who have a job in the service-producing industries (trade, education, business se
TENTATIVE ORDER OF TOPICS FOR W1404:
MOLECULAR DESCRIPTION OF THE STATES OF MATTER
Chapter 5 Gases
Chapter 16 Liquids and Solids
Chapter 17 Properties of Solutions
EQUILIBRIUM IN CHEMICAL REACTIONS
Chapter 6 Chemical Equilibrium
Chapter 7 Acids and Bases