Assignment on production function

Suppose we have a production function, q = K0.25 L0.25 S0.5 where S refers to the seating capacity of a restaurant which in the short run is fixed at S=100. a. What is the demand function for labor, L(q,v,w) and for capital, K(q,v,w)? b. What is the total cost function, C(v,w,q) ? c. What is the supply function, q (P,v,w)?… Continue reading Assignment on production function

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Accounting and economic profits

Question 1: [1×5=5 marks]   · Consider the following statement to fill in the table below: Below are different levels of output of a magazine. The producer of the magazine intends to price each copy for sale at $6 each. The cost of materials and wages per magazine is $4. Use a calculator to complete the… Continue reading Accounting and economic profits

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New Zealand Meat Exports GDP

This is a thesis requirement. The independent variables of the subject of New Zealand Meat Exports may be: 1. GDP of the importing area 2. GDP per capita of the importing area. 3. Organization of the importing country (eg whether it is WTO, EU organization) 4. The land area or population of the importing country… Continue reading New Zealand Meat Exports GDP

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Issue That Blockchain Technology Seeks To Improve

Describe the issue in detail. Examples of topics that we have discussed in class include things like distributing humanitarian relief, global payments and remittances, supply chain provenance (prescription medications, coffee beans etc), medical records, sovereign identity, banking, finance ….. Pick a topic that is interesting to you. There are many out there, including this pandemic.… Continue reading Issue That Blockchain Technology Seeks To Improve

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