January 2021

Consider the production functions given below: a. Suppose that the production function faced by a 30-weight ball bearing producer is given by Q = 4K^0 · 5 L^0 · 5 , where MPK = 2K^0.5 x L^0.5 and MPL = 2K^0 · 5 L^ –0.s_ Do both labor and capital display diminishing marginal products? Find […]

Jerusha, a woodworker, builds coffee tables using both labor (L) and tools (capital, or K). Her production function for coffee tables is a Cobb-Douglas production function: Q = 4K^5 L^5 . a. Can Jerusha build any coffee tables without tools? b. Can Jerusha completely mechanize coffee table production? c. Jerusha currently has 16 tools, and

Consider the following graph, which illustrates Tyler’s preferences for DVD rentals and in-theater movie tickets: Suppose that DVD rentals always cost $1 , and that Tyler’s income is $100 per week. a. If the price of a movie ticket is $10, draw Tyler’s budget line. Be very careful to draw to scale. How many movies

Joelle consumes food and clothing. For incomes near her current income, her income expansion path is negatively sloped. Indicate whether each of the following statements is true or false, and provide a brief explanation why. (You may want to use a graph in formulating your explanation.) a. At current income levels, food must be an

Good X sells for $4, and good Y sells for $2. At your current level of consumption, the marginal rate of substitution between X and Y is 4. a. Draw an indifference curve and budget constraint that reflects the facts given above. (Hint: You will have to choose an initial income level and an initial

Suppose that John is indifferent between consuming bundle A, which consists of 4 apples and 1 peach, and bundle B, which consists of 4 peaches and 1 apple. If John were given the choice between bundle A and bundle C, which contained 3 peaches and 2 apples, which should he pick? (Hint: Draw an indifference

The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving tours is given by Q^D = 6,000 – 20P, where Q is the number of divers served each month and P is the price of a two-tank dive. The supply of scuba diving tours is given by Q^S

404.3 Engage in effective professional communication Dear Writer, A list of presentation topics and target audiences has been prepared for you. In each, the audience is not a fan of what you are trying to persuade them to accept. Attached to each option are sources you should use to construct the argument in your presentation. Feel free to

Assessment name: Cultural Safety EssayTask description: The vision of the National Aboriginal and Torres Strait Islander Health (Australia) “The Australian health system is free of racism and inequality and all Aboriginal and Torres Strait Islander peoples have access to health services that are effective, high quality, appropriate and affordable” (Australian Government, 2013, p. 7). Racism

Early Childhood Education and Care Off-the-Job Assessment LA019689Assesinent Summary This assessment is ungraded. Learners will receive a Satisfactory or Unsatisfactory in accordance with TAFE NSW Assessment Guidelines.All assignments must be completed satisfactorily.What you have to doTASK OVERVIEWTask 1 involves completing a series of observations on a child named Riley.Task 2 involves creating one (1) experience