Eberhard Karls Universität Tübingen

Was sind die Ablagerungen von Gletschern ?

Welche Kräfte oder Wechselwirkungen unterstützen die Tertiärstruktur eines Proteins im Vergleich zur Sekundärstruktur

Wie funktioniert die Maximum Likelihood Methode?

Nenne verschiedene deutsche philosophische Literatur zu Platon und den Erkenntnisprozess bei Platon

Nenne verschiedene philosophische Literatur zu Platon und den Erkenntnisprozess bei Platon

Assume the following objective function: π = f(K) − iK (1) ▶ Notation and assumptions: π denotes profits; f(K) is production; we produce output by choosing K (K is called the choice variable); iK are the opportunity cost (interest rate i); f(K) is a concave function, i.e., f ′ (K) > 0 and f ′′(K) < 0. ▶ Let us further introduce a tax τ : some of the firm’s profits is taxed away; tax base: f(K). max {K} π = (1 − τ )f(K) − iK (2) ▶ 1. Solve the profit-maximization problem and explain the condition for optimal K (optimal use of capital). 2. Explain the role of the tax and show how the FOC changes with τ . 3. What can we learn about optimal investment, K∗ ? 4. Explain the process that leads to the equilibrium outcome. 5. Depict your solution graphically