ARME 608 First Exam Fall 1998
1.
For the following production function, derive the demand functions, supply function, and the profit function.
. . y = 2 x15 + 4 x 25
Then show the homogeneity of these functions in output and input prices. 2. An agri-busin
ARME 210 An Easy and Powerful Way to Present Datadesk Outputs
Data Desk is excellent for statistical calculations and producing graphical representations of those outputs. But, it is not set up specifically to be a presentational type of software. This ha
ARME 210
September 2000
A Beginners Guide to Statistics on the TI-83 Calculator
This guide is designed for those who have never used a TI-83 Calculator for statistical work before or those who only have minimal experience. Often, there is more than one wa
ARME 210 A Beginners Guide to Statistics on the TI-83 Calculator Part II Binomial Probability
Earlier in this guide, instruction was given as to how to use the TI-83 for factorial calculations. It is also possible to use the TI-83 to fully calculate binom
New Great Investment Bank Case Study October 2000
NEW GREAT INVESTMENT BANK BOND TRADING CASE STUDY
Prepared by: Gretchen Markel JP Morgan October, 2000
Page 1
New Great Investment Bank Case Study October 2000
NGIB CASE STUDY TABLE OF CONTENTS
Learning Ob
ARME 608 First Exam Fall 2000
1. Given the production function y = -a + bx - cx2, where y is output and x is input, graphically show what range of inputs would be used by a profit maximizing farmer.
2. You are interested in determining the amount of input
ARME 608 First Exam Fall 1999
1) Derive the supply function and conditional demand functions for a firm with the cost function: C=y 2* (r1*r2)1/2 (where y is output and ri is an input price) 2) A Cobb-Douglas variable profit function is written where one
ARME417 Homework #3 Answer Key CORRECTED VERSION!
Spring 2001
1.) a 15 points
The expected net revenue value is the most sensitive to the projected Total Revenue (TR) of each product launch. The probability that there will be a strong economy slightly aff
ARME 608 Final Exam Fall 1995 Consider the production function y = x1x2 + x12x22. Is it homogeneous? Is it homothetic? For the following crop production function, derive the demand functions, supply function, and the profit function: y = 5x1.5 + 2x2.5 3.
ARME 608 First Exam Fall l997 1. What would the expansion path look like if one of the input factors is an inferior input over a limited range of output. (Graph the relationship and explain). You would like to know how marginal cost changes when the price
ARME 608 First Exam Fall 1996 1. Given the production function y = 2x and the price of x as r, derive and graph the total cost, marginal cost, and average cost functions. What happens to these three functions if the price of x increases?
2 2. Is the produ
ARME 608 First Exam Fall 1995
1.
Plot the average and marginal cost functions that would be generated under the technology represented by the production function
y = ax + bx cx
2 3
where y is output, x is input, and a > b > |c|. Relate critical points (i.
ARME 608 Final Exam Fall 2000
1. Graphically show and explain both short-run and long-run profit as a function of an input price and output price. 2. In a constant cost industry, each firm will operate where AC = ri / (f / x i ) , where AC is average cost
ARME 608 Final Exam Fall 1999
1. 2. Graphically show both short-run and long-run cost as a function of an input price.
c For a profit-maximizing firm with the production function y = ax1b x 2 facing an output demand function p = y d , and facing constant
ARME 608 Final Exam Fall 1998
1) If the production function with one output and one input looks like the graph below, then plot the total cost curve and the corresponding average cost and marginal cost curves. y f(x)
x
2)
Graphically show both the long-ru
ARME 608 Final Exam Fall 1997
1. In ocean fishing (in a region of the ocean), the number of fish caught is an increasing but first convex and then concave function of the number of fishing boats. How many fishing boats will be used if each boat is indepen
Arme 608 Final Exam Fall 1996
1. Given the following production information for two separate production periods, determine the fixed cost and variable costs of production. Total Cost Output 4 $1,320 2 $1,160 Assume a conditional demand function (from cost
Fair Trade leads to the Better
Argument
Evidenc
e
Source
Counte Your
r
Respon
Argum se
ent
The
producers
decide
how the
fairtrade
premium
should be
invested.
The
Fairtrade
Premium
is an
additional
sum of
money
that
benefits
farmers/w
orkers.
This
money
go