Car companies will buy a latest car assembly machine

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Reference no: EM1319320

Q1. Define consumerism also briefly Converse the three (3) most important economic consequences of consumerism

Q2. If the annual real interest rate on the loans is 6%, Elucidate how many car companies will buy a latest car assembly machine? Interest payments are made once a year.

Q3. The Wilson Corporation produces output according to Q = 4(KL)1/2, where K is the amount of capital utilized also L is the amount of labor employed. If capital costs $2 per unit also labor costs $8 per unit, Wilson's minimized long-run average total cost is:

Reference no: EM1319320

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