Basic Mathematics for Economists 2nd. Edition by Mike Rosser | 9780415267847 | 415267846

315 SOLVED PROBLEMS

Question: 12.13

At what level of K is the function Q = 12K^0.4(160 − 8K)^0.4 at a maximum? (This is Example 11.1 (reworked) which was not completed in the last chapter.) ...

The objective is to find the value of K which maxi...

Question: 11.RW.1

From the budget constraint 40K + 5L = 800 ...

Question: 15.RW.11

Expanding across the 3rd row, the first term will ...

Question: 2.53

Log 226.34 must be divided by 8 to find the log of...

Question: 2.54

\begin{aligned} 460(1.08)^n &= 925 \\ ...

Question: 2.52

log 1,242.67 = 3.0943558 This means

1,242....

Question: 2.50

Using the [LOG] function key on a calculator log 4...

Question: 2.51

From log tables log 56,200 = 4.7497363 log 3,484 ...

Question: 2.27

total balance = 8 × (−210) = −£1,680

Question: 2.23

1p = £0.01 Therefore 0.01p = £0.0001 In mathematic...