Posted by **Julia Miller** on Sunday, September 5, 2010 at 10:13pm.

The general supply function for new housing in Miami is estimated to be

Qs ƒƒnƒ©ƒ¦ƒyƒnƒ¢P ƒ{ƒ¡ƒ~PL ƒ{ƒ¤PK

where P is the price per square foot of new housing in Miami, PL is the average hourly wage rate for construction workers, and PK is the price of capital (as measured by the average rate of interest paid on loans to home builders). Qs is measured in units of 1,000 square feet per month.

## Answer This Question

## Related Questions

- Economics - The general supply function for new housing in Miami is estimated to...
- Economics - Consider a monocentric city in which the cost of commuting is $10 ...
- Microeconomics - Explain how the supply of new housing interacts with shifts in ...
- Managerial Economics - Given the demand & supply Function for product 'x' at ...
- Economics - Earl’s production function is f(x1, x2) = x1^(1/2) * x2^(1/3), where...
- Economics - 2) Earl’s production function is f(x1, x2) = x1^(1/2) * x2^(1/3), ...
- managerial Economics - Yell-O Yew-Boats, Ltd. produces a popular brand of pointy...
- Algebra 2 - Mario took a 17 day trip around the U.S. He visited Boston, Miami, ...
- ECONOMICS - Perfect Competition - Please check and correct my answers. Thank you...
- Math - Jorge's current hourly wage for working at Denti Smiles is $12.00. Jorge ...

More Related Questions