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If a firm's production function is given byQ = f(K, L) = K + L, (4)where Q is the number of units of output, K is capital and L is labor.
(a) Derive the average product of labor (AP L) and the average product of capital(APK)
(b) Derive the marginal product of labor (MP L) and the marginal product of capital
What is the largest single deposit outflow can the bank comfortably handle, using only primary and secondary reserves? Note that even after this outflow the bank should have sufficient required reserves. Find it to the nearest whole dollar. Comput..
What is the Third Estate By Abbé Sieyes. Explain how the meanings of these two concepts seem to have changed (if you think that they did change) during the radical stage of the French Revolution (1792-1794).
The demand function for VCRs has been estimated to be Qv = 123 - 1.7Pt + 46 Pm - 2.1Pv -5M, where Qv is the quantity of VCRs,Pt is the price of a videocassette, pmis the price of a movie, Pv is the price of a VCR, and M is income.
The company selling the good starts an advertisement campagin that has the following effect on the consumer: he makes decisions as if maximizing a decision utility function given by ..
Policies which reduce energy supplies and/or raise their production costs will cause the aggregate price level to rise, national output to decrease and unemployment to rise.
Assume the firm raised the price to $4.00 while increasing the advertising expenditures by $100. Would this be beneficial. Explain. Illustrate your answer with the demand schedule.
consider the economic data for country aunemployment level of 15natural rate of unemployment is 6.required reserves is
If the customer is rational explain how can use affect their economic decisions
Draw marginal revenue function for this firm. What is the profit-maximizing price for this firm? On the graph describe the area, this represents the net loss to society resulting from the monopoly power conferred by the patent.
Assume an employer offers a base wage of twenty dollar per hour for the 1st 40-hours of a work each week and overtime pay of thirty dollar per hour for any hours beyond forty per week,
Capital and labor are perfect complements in production for this firm - production process
Markets in developed economies are approaching saturation level. Therefore, MNCs are searching for new untapped markets in emerging countries such as India and China.
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