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Cobb-Douglas Production Function:y=(2x1)^.5(x2)^.5<br/>If both the price of x1 (w1) and the output price (p) are equal to 1, how much of input 1 (x1) should the firm produce in the short run to maximize profits? (hint: use the profit maximizing "rule of thumb")
What are governments fiscal policy options for moving the economy out of a recession Speculate on which of these fiscal options might be favored by a person who wants to preserve the size of government and a person who thinks the public sector is ..
explain the price elasticity of demand in each market structure and its effect on pricing of its products in each
The transmission in the stop band, which extends from 5 kHz to ∞, should not exceed 0.05% of the maximum passband transmission. What are the values of Amax, Amin, and the selectivity factor for this filter?
An economy can produce good 1 using labor and capital and good 2 using labor and land. Graph the production functions for good 1 and good 2. Graph the production possibility frontier. Why is it curved?
Gray wolves are native to Michigan but were nearly wiped out in the 19th and early 20th centuries by hunting and state-sanctioned bounties. In 1973, when Congress created the federal endangered species list, only six wolves were known to still exist..
lambs lay a golden eggthe price of australias favourite meat has risen nine per cent in the pastyear. industry analysts
Discuss the advantages finance companies offer over commercial banks and explain why finance companies are less regulated than commercial banks.
Jim has made his best affordable choice of muffins and coffee. He spends all of his income on 10 muffins at $1 each and 20 cups of coffee at $2 each.
the purpose of the discussion board is to allow students to learn through sharing ideas and experiences as they relate
Explain how either the Newhouse model or the Physician Workshop model could explain why hospitals might inefficiently over-invest in expensive, new technologies. What drives excessive technology investments in each model
The following graph shows the situation after the U.S. government removes a tariff on imports of canned tuna.
Normal 0 false false false EN-US X-NONE X-NONE Explain the multiplier intu..
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