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Consider the following production? function:
q = 100 L0.5K.5
Currently the wage rate? (w) is ?$20.00 and the price of capital? (r) is ?$5.00.
If the firm is using 100 units of capital in? production AND the production price is $10, how much labor should be employed to minimize costs and maximize profits?
Suppose that the household nominal income for an economy is $50, 000 billion and the demand for money in this economy is given by, Md =$Y(0.2 0.8i)
Who is responsible for setting monetary policy in the United States. How is this group chosen?
Where are ERP systems heading in the future? Do you agree or disagree with the trends discussed in the chapter? Explain.
Suppose an auto manufacturer sells cars at $10,000 per car. Marginal costs are $5,000 per car. The vice president in charge of sales and marketing
Two bookstores are competing for customers. Both bookstores can decide to offer discounts to attract more customers. Bookstore-A has a 30% probability of offering a discount. The probability that Bookstore-B will offer a discount is unknown, and is r..
Explain why it is important for a business to estimate the price elasticity of demand for its product?
As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has. Suppose everybody paid the same total amount of tax regardless of their income. This type of tax system would be. Assume that the governmen..
How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products. Draw ..
An IS/IT Strategy is a planning document that clarifies how information system and technology ought to be used as a major aspect of an organization's overall business procedure and ought to be intended to support the association's overall plan of ..
Specifically, in the RIMS II model espoused by the BEA, capital spending in a region induces job creation therein, based off of specific multipliers. Where do these multipliers come from, and what do they mean?
If she has invested in a stock fund that averaged a 15% rate of return over that period, and she expects to make the same annual investment and get the same performance in the future.
Is there a situation where GDP might be declining but not all of its components are? Which one or ones might still be growing if GDP is shrinking?
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