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Suppose that a firm's fixed proportion production function is given and rental rate of capital (r) and labor (w). Calculate the firm's long run total, average and marginal cost curves q= min (0.5 k, 0.25L) where r=20 and w=10.
The Wisconsin state legislature enacts a statute that prohibits the advertising of video games "because the games might be harmful to minors."
Differentiate at least two different eighteen month forecasts for Gross Domestic Product (US) and graph them. Include a reconciliation of differences between forecasts for GDP and a rationalization for which forecast you believe is most accurate.
3.00 L of methane, CH4(g) is combusted with 5.50 L of oxygen gas. Assume SATP conditions.
Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.
To finance this subsidy every pair of stilts purchased by someone who is tall is taxed at a rate of T percent.
Consider an economy that is operating at full-employment level GDP. Assuming the MPC is 0.90, predict the effect on the economy of a $50 billion increase in government spending balanced by a $50 billion increase in taxes.
Based on this information, what would be the nonpecuniary cost of legislation that would place a $1.50 cap on the fees banks can charge for noncustomer transactions?
Find the Total Profit at the profit maximizing quantity. Find the amount of consumer surplus at the profit maximizing quantity.
1. Derive the equation from your demand curve from the two price and sales points. 2. Are you currently operating in the elastic or inelastic portion of your demand curve? 3. You are paid a sales commission based on your total sales. What price would..
Describe the background of your hypothetical corporation. Your description should include, but not be limited to, the type of business, products, and services that your MNC provides.
youve been asked to write a program that computes percentages for specific categories in a personal budget. the program
Suppose the marginal propensity to consume is 0,80 and taxes are raised by $50 billion. What will be the impact on equilibrium income
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