Macroeconomics

RUNNING HEAD : MACRO-ECONOMICSMACRO-ECONOMICSQ / A[The name of the writer appears here][The name of the domain of a function appears here]Question 1Suppose the following tabulate shows the weekly utility schedule of David Johnson descent from consumption of pizza and gamey suction stops . Suppose also that a slice of pizza represents 1 .00 and a scorching dog costs 0 .50 (a ) Complete the columns of MU and MU of the above tablePizza SlicesUnits Consumed alive DogsTU MU MUTU MU MU20 20 20 1 12 12 2436 16 16 2 22 10 2050 14 14 3 31 9 1862 12 12 4 39 8 1672 10 10 5 45 6 1280 08 08 6 49 4 886 6 06 7 52 3 690 4 04 8 54 2 4 (b ) If David s income is 9 .00 /week , how many a(prenominal) slices of pizza and how many hot dogs should he consume to maximize his utility 9 4 36 (Per month2 slices of Pizza or 1 heated up Dogscenario its 24Question 2A firm can use three different jump on technologies , with capital and labor requirements at to each one lease of make as followsSuppose the firm is operating in a outlandish where capital cost is 80 per unit per twenty-four hours and labor cost is 60 per worker per day .

For each level of produce , which technology provides the least cost of productionengineering 1 engineering 2 Technology 3Daily Output K L K L K L degree Celsius 2 6 3 6 5 3 one hundred fifty 3 9 4 7 5 5200 4 10 5 9 6 7250 6 12 6 11 7 9 Technology 1Daily Output K L degree centigrade 2 6 one hundred lx 360 440150 3 9 240 540 780200 4 10 320 600 920250 6 12 480 720 1200! Technology 2Daily Output K L degree centigrade 3 6 240 360 600150 4 7 320 420 740200 5 9 four hundred 540 940250 6 11 480 660 1 cxl Technology 3Daily Output K L nose candy 5 3 400 clxxx 580150 5 5 400 300 700200 6 7 480 420 900250 7 9 560 540 1100 ?TC ?Q 0 100 100 0 -- -1 cxxx 100 30 30 130 302 150 100 50 25 75 203 160 100 60 20 53 .33 104 172 100 72 18 43 125 185 100 85 17 37 136 210 100 110 18 .33 35 257 240 100 140 20 34 .285 308 280 100 180 22 .5 35 409 330 100 230 25 .55 36 .66 5010 390 100 290 29 39 60 (a ) Complete the above cost table (b ) nether a perfectly competitive market , how does a profit- maximize firm make its decision on takings levelUnder a perfect competitive market the profit maximizing output level arises where marginal revenue (MR ) equals marginal cost (MC (c...If you motive to get a full essay, order it on our website: BestEssayCheap.com

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