When a firm uses different factors of production or at least cost combination the optimum combination of factors is achieved when MPL / PL = MPL / PL. Intuitively explain this statement
6. Write a Python program that reads a number and finds the sum of the series of 1 +11 + 111 + 1111 + ….+N terms.
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Sample Input1:
5
Sample Output1:
1 + 11 + 111 + 1111 + 11111
The Sum is: 1234
4. Write a Python program to Capitalize the first character of each word in a String [You cannot use the built-in upper() function]
Sample Input:
I love python programming
Sample Output: I Love Python Programming
2. Write a Python program to find the largest and smallest word in a string.
[you are not allowed to use max() and min()]
Sample Input :
It is a string with the smallest and largest word.
Sample Output :
The largest word is “smallest” and the smallest word is 'a'.
Martha s preference over two goods x and y is represented by the utility function U = 5xy. Her budget constraint is given by 5x +y =30. Plot budget constraint with y on the vertical - axis on the horizontal axis.. Find the marginal utility of x and y...Find the MRS.. Find the MRT...Given her budget how much of each good should she consume in order to maximize her utility show your work.
Nowadays it even harder to get a job with a fake certificate?
Name the factor of production depicted in the cartoon?
“Bismarck was a more autocratic leader than Napoleon III.”
Do you agree? Give reasons for your answer.
Given the Cobb - Douglas production q1 = 50l0.3K0.5,q2 = 50L0.4K0.6,and q3 =50l0.5K0.6..Calculate the level of output when L = 10 and K = 15 for each production function.. Calculate the level of output when both inputs double L = 20 and K =30...What types of returns to scale does each production function exhibit
“The changes that were brought about by industrialisation mainly resulted in the
deterioration of the living conditions of working people.”
Do you agree? Give reasons for your answer.