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Consider the production function q=4L^.3K^.8. In the short run, assume K=5. Derive formulas for Total Product, Average Product, and Marginal Product. Graph these three functions.
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. International trade agree..
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
For the Portfolio Project, students will conduct an analysis of a recent article and provide their evaluation and outcome expectations in a written paper of 1500-2500 words that discusses APA format and reference sheet needed.
From the Blades' Assessment of an Acquisition in Thailand case study, develop a list of factors that Blades should consider in making its decision.
Net foreign direct investment has been a (significant) positive number for the US since the mid 1980s. That represents more investment flowing into the US than out. Given that, one would normally conclude that the flow of net interest payments would ..
What are the similarities and differences in free versus fair trade arrangements? How are these reflected in the actual prices of coffee? Are fair trade principles both an effective and economically efficient trading mechanism? Is fair trade coffee s..
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or share holders) worse off. Do you agree or disagree. Explain your answer.
Vending machines are a popular form of non-store retailing. Why? What types of products have been successfully introduced in such machines in the past ten years or so? And why? Which ones have failed and why?
The rm must pay a xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate the smallest integer price that would make a rm willing to produce a positive amount.
Inflation may fall without a significant increase in unemployment if
Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X –X2. With no restrictions on the number of traps, and open access ..
You are considering buying one of two types of health insurance. What is the expected value of payouts from the emergency-only insurance? What is the expected value of payouts from the capped-coverage insurance? Which is the more risk-averse option?
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