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Assume the marginal product of labor is MPL = 20 and the marginal product of capital is MPK = 50. In addition, the price of labor is wL = 10 and the price of capital is wK = 30. Then, if a manger wants to lower the costs of production, the manager should use
a) An equal number of workers and machines
b) More workers and more machines
c) More machines and fewer workers
d) More workers and fewer machines
choose and research a specific business that is publicly traded where there has been a pattern of change in a
Compute the effective annual interest rate 10% nominal interest compounded semiannually, 10% nominal interest compounded quarterly, 10% nominal interest compounded weekely.
Calculate the maximum amount of revenue that the government can raise using a per-unit sales tax on consumers?
Taking business personally, Recognize some policy change that you propose to decrease the federal government budget deficits and debt.
The provider is assumed to maximize profits. Determine the provider's equilibrium wage and how many nursing units it will hire. The provider is a monopsonist, which means it is the sole purchaser of labor in the market. Nurses are used by the clin..
The market demand function of a company is given by 8P + Q - 64 = 0, and the company's average cost function takes the form AC = 8/Q + 6 - 0.4Q + 0.08Q2.
Using equation y*=A(k*)^(1/3), the prediction of the Solow-Swan model, and assuming labor is constant; explain why the growth rate of TFP is equal to growth rate of GDP per capital
By 2011, when the economy appeared to be sputtering on its way to recovery, President Obama and the Democrats proposed additional actions to increase government spending to stimulate the economy and keep it from falling back into a recession.
For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs.
Employ the following information on hypothetical short-run production function to answer questions a-d. Compute the marginal and average variable product of each unit of labor input. Hint: plot your Units of labor and Units of Output vertically.
There's quite a bit to be said about face-to-face interviewing for sure. But, there's also some drawbacks and you named two major ones: cost consideration and time spent (not to mention, manpower and location). what's one benefit of collecting da..
the demand curve for 48 sony flat screen televisions is likely to move to the right when consumer incomes increase.the
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