Friday
August 29, 2014

Posts by eStone


Total # Posts: 7

Economics
Consider a monocentric city in which the cost of commuting is $10 per mile per month. A household located eight miles from the city center occupies a dwelling with 1,200 square feet at a monthly rent of $600. Nonland cost per dwelling is $200, and there are four houses per ...
May 5, 2009

Economics
In a place rice growers burn their field to stabilize their fields the field burning causes pollution, the alternative sanitizing method costs $150 per acre. Consider a country where rice farmers are willing to pay $500 per acre for land and corn farmers (who do not sanitize ...
May 5, 2009

Math
No, it is not because when you plug in x for the first equation you get -1 as y, not 1. And for the second equation when you plug in 5 for x you get -1 again, not 1.
March 30, 2009

Economics (attempted as suggested by economyst)
Wow! Economyst, thank you for explaining it! Now that I read and look at the numbers it makes more sense, I definitely have clarification. You made it seem so simple, I guess I just need to calm down and do what the equations say. I appreciate it, this is going to help me ...
March 30, 2009

Economics (attempted as suggested by economyst)
Posted by eStone on Sunday, March 29, 2009 at 5:47pm. Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: $3,600. a. ...
March 30, 2009

Economics
Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: $3,600. a. What is marginal cost? b. What is average variable ...
March 29, 2009

Economics- Help Please!!!
MC = 125 - 0.42Q + 0.0021Q^2 Given the estimated marginal cost function, what are the total, variable, and average cost functions? At what output level does AVC reach its minimum value in the long run? What is the value of AVC at its minimum point?
March 28, 2009

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