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Consider the following short-Run production function(where L=Variable inpout, Q=output): Q=6L2-.4L3
Determine the mariginal productDetermine the average product functionFind the value of L that maximizes QFind the value of L at which the marginal product function takes on its maximum valueFind the value of L at which the average product function takes on its maximum value.
Find the equilibrium price, quantity and revenue in a market characterized and Find Betty's opportunity cost of a bottle of wine in terms of box(es) of chocolates.
Fluctuating and rising gasoline prices. Make your analysis on this topic and relate it to the US economy. Determine the three or four segments of our economy that are affected through fluctuating prices for gasoline.
Describe the process by which the competitive market establishes a price at which all firms are just earning normal profits.
ublic offering bonds 20% and interst 6%. tyberius investment 10% and interest 10%. sludge FM bank 20% and interest 12%. retained earning 15% and interest 10%. commen stock 25 and interest 15%.
What is the difference between explicit and implicit costs? Which of the costs is most closely associated with opportunity costs and why?
Ulrick and Birger started an air taxi service in Berlin, Germany, under the name Berlinair, Inc. Biger was approached by a group of travel agents who were interested in hiring an air charter business to take German tourists on vacation. Birger for..
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
The law of demand says that the price and quantity demanded are inversely related. Thus, is demand curve positively or negative sloped?
Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies, but instead, the degree simply reflects a high level of inherent mathematical ability. Which on..
What information did you have or obtain that helped make your decision a well-informed one.there something you didn't know beforehand.
A country has had a steady value for its floating exchange rate (stated inversely as the domestic currency price of foreign currency) for a number of years. The country now tightens up on (reduces) its money supply dramatically.
The money supply of a country equals the sum of monetary base times the money multiplier. Monetary base equals the sum of domestic reserves and foreign reserves. Domestic reserves include the domestic government securities. The foreign reserves in..
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