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Question.4466 - Lorem ipsum Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc ac faucibus odio. Vestibulum neque massa, scelerisque sit amet ligula eu, congue molestie mi. Praesent ut varius sem. Nullam at porttitor arcu, nec lacinia nisi. Ut ac dolor vitae odio interdum condimentum. Vivamus dapibus sodales ex, vitae malesuada ipsum cursus convallis. Maecenas sed egestas nulla, ac condimentum orci. Mauris diam felis, vulputate ac suscipit et, iaculis non est. Curabitur semper arcu ac ligula semper, nec luctus nisl blandit. Integer lacinia ante ac libero lobortis imperdiet. Nullam mollis convallis ipsum, ac accumsan nunc vehicula vitae. Nulla eget justo in felis tristique fringilla. Morbi sit amet tortor quis risus auctor condimentum. Morbi in ullamcorper elit. Nulla iaculis tellus sit amet mauris tempus fringilla.Maecenas mauris lectus, lobortis et purus mattis, blandit dictum tellus.Maecenas non lorem quis tellus placerat varius. Nulla facilisi. 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Pellentesque vulputate lectus quis pellentesque commodo. Aliquam erat volutpat. Vestibulum in egestas velit. Pellentesque fermentum nisl vitae fringilla venenatis. Etiam id mauris vitae orci maximus ultricies. Cras fringilla ipsum magna, in fringilla dui commodo a.Lorem ipsumLorem ipsumLorem ipsum1In eleifend velit vitae libero sollicitudin euismod.Lorem2Cras fringilla ipsum magna, in fringilla dui commodo a.Ipsum3Aliquam erat volutpat. Lorem4Fusce vitae vestibulum velit. Lorem5Etiam vehicula luctus fermentum.IpsumEtiam vehicula luctus fermentum. In vel metus congue, pulvinar lectus vel, fermentum dui. Maecenas ante orci, egestas ut aliquet sit amet, sagittis a magna. Aliquam ante quam, pellentesque ut dignissim quis, laoreet eget est. Aliquam erat volutpat. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Ut ullamcorper justo sapien, in cursus libero viverra eget. Vivamus auctor imperdiet urna, at pulvinar leo posuere laoreet. 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Morbi sit amet tortor quis risus auctor condimentum. Morbi in ullamcorper elit. Nulla iaculis tellus sit amet mauris tempus fringilla.Maecenas mauris lectus, lobortis et purus mattis, blandit dictum tellus. Maecenas non lorem quis tellus placerat varius. Nulla facilisi. Aenean congue fringilla justo ut aliquam. Mauris id ex erat. Nunc vulputate neque vitae justo facilisis, non condimentum ante sagittis. Morbi viverra semper lorem nec molestie. Maecenas tincidunt est efficitur ligula euismod, sit amet ornare est vulputate.In non mauris justo. Duis vehicula mi vel mi pretium, a viverra erat efficitur. Cras aliquam est ac eros varius, id iaculis dui auctor. Duis pretium neque ligula, et pulvinar mi placerat et. Nulla nec nunc sit amet nunc posuere vestibulum. Ut id neque eget tortor mattis tristique. Donec ante est, blandit sit amet tristique vel, lacinia pulvinar arcu. Pellentesque scelerisque fermentum erat, id posuere justo pulvinar ut. Cras id eros sed enim aliquam lobortis. Sed lobortis nisl ut eros efficitur tincidunt. Cras justo mi, porttitor quis mattis vel, ultricies ut purus. Ut facilisis et lacus eu cursus.In eleifend velit vitae libero sollicitudin euismod. Fusce vitae vestibulum velit. Pellentesque vulputate lectus quis pellentesque commodo. Aliquam erat volutpat. Vestibulum in egestas velit. Pellentesque fermentum nisl vitae fringilla venenatis. Etiam id mauris vitae orci maximus ultricies. Cras fringilla ipsum magna, in fringilla dui commodo a.Etiam vehicula luctus fermentum. In vel metus congue, pulvinar lectus vel, fermentum dui. Maecenas ante orci, egestas ut aliquet sit amet, sagittis a magna. Aliquam ante quam, pellentesque ut dignissim quis, laoreet eget est. Aliquam erat volutpat. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Ut ullamcorper justo sapien, in cursus libero viverra eget. Vivamus auctor imperdiet urna, at pulvinar leo posuere laoreet. 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Intermediate xxxxxxxxxxxxxxxxxx A xxxxxxxx Show xxxx work xxxxxxx when xxxxxxxxx Circle xxxx final xxxxxxx If xxxx answer xx a xxxxx make xxxx the xxxxx is xxxx and xxxxxxx labeled xxx the xxxxxxxxxx function xxx flights xx the xxxx y xx represented xx y x - xxxxx x xx the xxxxxx of xxxxxxx purchased xxxx the xxxxx cost xxxxx C x for xxxxxxx to xxx moon xxxxxxxx the xxxx of xxx input xx set xxxxx to x Find xxx firm x average xxxx curve xxx marginal xxxx curve xxxx the xxxx s xxxxxxx average xxxx Find xxx optimal xxxxxx of xxxxxxx to xxx moon xxxx the xxxxx of xxxxx is xxxxx to xxx y x - xxxx of xxxxx w x x x y xxxxx cost x y x x xx y x ACy xxxxx y xxx y xxxx dCydyCy x MCy x y xxx AC x MCy x and xxx y x y x y xx y xx y x y x y x y x y xxxxx y xxxxxxxxxxx the xxxxxxx average xxxx occurring xx y xxxxx y xxxx AC x AC xxxxxxx number xx flights xxxx price x wherein xx the xxxxxxx quantity xxxxx equals xxxxxxxx cost x MC x y x y x Assume xxx own x boat xxx provide xxxxxxx to x tourists xxxxx your xxxx input xx the xxxxxx of xxxxx you xxxx x xxxx production xxxxxxxxxx for xxxxxxx is xxxxxxxxxxx by x x xxxx equations xxx the xxxx s xxxxxxxx product xx x xxx average xxxxxxx AP x Write xxx equation xxx the xxxxx of xxx firm x marginal xxxxxxx Explain xxx this xxxxxxx from xxxx answer xx part x Derive xxxx input xxxxxx curve x p xx labor xxx be xxxxx at x constant xxxxx w xxxx the xxxxxx maximizing xxxxxxxx of xxxxxx assuming xxxxx is xxxxx to x and xxxxxx can xx purchased xx a xxxxxxxx price x Ans x x xxxxxxxxxxx marginal xxxxxxx being xxxxxxxxxx of xxx production xxxxxxxx in xxxxxxx to xxxxx input x so xxx ddx x x- xxxxxxxxxxxx average xxxxxxx as xxxxxx per xxxx of xxxxx that xx the xxxxxxxxxx function xxxxxxx by x APx xx x x x- xxxxxxxxxxxx value xx the xxxx s xxxxxxxx productVMPx x MPx x xThe xxxxxxxx tends xx differ xxxx the xxxxxxxx product xxxxxxxx as xxx considers xxx price xx the xxxxxx by xxxxxxxxxxx the xxxx s xxxxxxx generated xx the xxxxxxxx product xx laborConsidering xxx input xxxxx x x w xxxx w x x x So xxxx w xx the xxxxx demand xxxxx for xxxxx is x Considering xxxxxx maximizing xxxxxxxx output xxxxxx where xxxxxxxx revenue xxxxxxx of xxxxx equals xxx wage xxxx p xxx w xxxx w x x x While xxxxxxxxxxx the xxxxxxxxxx function xx find xxx optimal xxxxxxxx of xxxxxx y x Assume x firm xxxxxxxx both xxxxxxxx and xxxxxx fuel xxxx crude xxx at xxxxx refinery xxxxx the xxxx inputs xxxx can xxxxxxx either xxxxxxxx y xx diesel x both xx which xxxxx the xxxxx production xxxxxxxx x x y xxxx the xxxx s xxxxx cost xxxxx c x y xxxxxxxx the xxx unit xxxxx of xxxxx oil xx w xxxx the xxxxxxxx cost xxxxx for x Suppose xxx price xx y x and xxx price xx y x and xxx per xxxx price xx crude xxx is x what xx the xxxxxxx amount xx y xxx the xxxx to xxxxxxx Ans x y x w xx y x y x cy x y x The xxxxx cost xxxxx is xx y x y xxx C x y x y x y xxx y x The xxxxxxxx cost xxxxx for x is xxx y xxxxxxxxx the xxxx s xxxxxx maximization xxxxxxx finding xxx optimal xxxxxx of x assuming xxxx the xxxx will xxxxxxxx its xxxxxx where xxxxxxxx revenue xxxxxx marginal xxxx which xxxxxxxx prices xx goods xxxxxxxxxxx p xxx gasoline xxx p xxx diesel xxx marginal xxxx of xxxxxxxx is xxx y xxx marginal xxxx of xxxxxxxx is xxx y xxxxxxxx that xxx firm xxxx set xxx marginal xxxxxxx equal xx the xxxxxxxx cost xxx each xxxx so xxxxxxxxxxx marginal xxxxxxx for xxxx product xx the xxxxx where xxx gasoline x MR x and xxx diesel x MR x MR xxx y x The xxxxxxxxxx function xx y x Suppose xxx every xxxx of x produced xxxx quantity xx y xx produced xx a xxxxxxxxx y x Assume xxx input xxxxx w xxxxxxx p xxx p xxxx is xxx optimal xxxxxx of xxxxxx for xxx firm xx purchase xxxxxxx that x is x dangerous xxxxxxxxx that xxxxxxx a xxxxxxxx cost xx society xx per xxxx produced xx administrator xxxxxx to xxx the xxxx so xxxx the xxxx faces xxx prices x and x What xx the xxxxxxx amount xx inputs xxx the xxxx to xxxxxxxx Ans x x x y xxxxx the xxxxx cost xx w xxx total xxxx for xxxxxxxxxx x xxxx of xxxxx is x x x p x p x C x y x x x y x y x x x xsince x x x xnow xx maximize xxxxxx take xxx derivative xx with xxxxxxx to x and xxx it xxxxx to x dx xx - xx x- x Based xx my xxxxxxxxxxx the xxxxxxx amount xx input xxx the xxxx to xxxxxxxx without xxx tax xx units xxxxx the xxxxxxxxxxxxx imposes xxx on xxx firm xxx price xx y xxxx now xxxxxx to x - xxxxx firm xx subjected xx face x marginal xxxx of xxxxxx for xxxxxxxxx p x p x -c x y x y x xSince x y x - x - x y x xSince x A x x x x x - xxxxxxx the xxxxxxxx of xxxxxxx to x and xxx it xxxxx to x dx x x- x x- xx x
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