CRISICRISIL Research_Article_QSR_17Sep2013.pdfL Research Article QSR 17Sep2013
NOTE: The answers to question 1 on this page are only the...
1
Economics 2150a -- Sample Final Exam -3- Name:________________________________________ NOTE: The answers to question 1 on this page are only the mechanical parts. For more marks you must also include a detailed explanation and interpretation! Question 2 will be done in class. The mechanical parts of Question 3 are given in the answers to Exercise 9. 1. SHORT RUN AND LONG RUN RETURNS L Q Q L K L AP MP AP MP SRP φ = 2 TP MPL APL • • 0 • 1 0 • • • • 2 2 MPL APL L0 L1 L2 L0 L1 L2 9.6 21.8 39 14.4 373 27 25.9 540 209 25.9 20 9.7 40 600 15 455
-
Upload
nguyennguyet -
Category
Documents
-
view
215 -
download
0
Transcript of NOTE: The answers to question 1 on this page are only the...
Economics 2150a -- Sample Final Exam -3- Name:________________________________________
NOTE: The answers to question 1 on this page are only the mechanical parts. For more marks you must also include a detailed explanation and interpretation!
Question 2 will be done in class.
The mechanical parts of Question 3 are given in the answers to Exercise 9.
1. SHORT RUN AND LONG RUN RETURNS
L
Q Q
L
K
L
AP MP
AP MP
SRP
φ = 2
TP
MPL
APL
•
•
0
• 1
0 •
• •
•
2
2
MPL
APL
L0 L1 L2
L0 L1 L2
9.6 21.8 39
14.4 373 27
25.9 540
209
25.9 20 9.7
40 600 15 455