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A profit-maximizing competitive firm uses just one input, x. Its production function is q = 4x1/2. The price of output is $28 and the factor price is $7. What is th amount of the factor that the firm demands?
Over the next three years, a firm is expected to earn an economic profit of $900,000 in the first year, $800,000 in the second year, and $700,000 in the third year. After the end of the third year, the firm goes out of business. If the risk-adjusted ..
As a member of the Board of Directors of General Motors Corporation, you are continually concerned about the level of productivity of the company's work force. What can management do to create enhanced productivity levels in order to maintain a profi..
According to foundation of economics by Robin Bade, in chapter page 80 the multiple choice question in table 1. Table 1 shows the PPF of an island community. Choose the best statement. Mary makes 10 pies and 20 cakes a day and her opportunity cost of..
All U.S. states subsidize education for college students, mostly by charging below-cost tuition. Nearly-free tuition is available in many European countries and has been proposed in California (see p. 80).
Define what is any arrangement that enables buyers and sellers to get information and do business with each other?
Consider an industry with significant barriers to entry and consisting of two firms producing a homogenous product. Under which situation are these firms more likely to compete in quantity rather than price?
What is the amount A in actual dollars equivalent to A’ = $1,000 in constant dollars? Please provide step by step detail
q1. investment account holders iah depositors take the same risk that is assumed be bank shareholders. yet they have no
He claimed that he was not bound by the regulations because he never knew that they had been adopted. Is he bound by the regulaions?
What performance % would you use to trigger executive bonuses for that year.
If Professor Mamuns contract pays $100,000 every year for next 6 years, what is future value of this contract at 5% discount rate. What is present value of contract.
An asset with a first cost of $250,000 is expected to have a maximum useful life of 10 years and a market value that decreases $25,000 each year. The annual operating cost is expected to be constant at $25,000 per year for 5 years and to increase at ..
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