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Consider the following production function y = F(K,L) = A K0.4 L1.0
a. Calculate the marginal product of labor.
b. Does this production function exhibit increasing, decreasing or constant returns to scale? Demonstrate and explain.
c. Does the production function exhibit diminishing marginal productivity of labor?
In the hope of big returns, venture capitalists give funds to finance new firms. However, potential competitors and structures of market into which the new company enters are extremely important in realization of profits.
Jet Set Travel, Inc. (JTI) has been hugely successful in the distribution of stylish, comfortable shoes for travel. Please describe how non-value added costs can damage the company, it sales, it costs, and it's value chain
Explain how the marginal product of labor and the marginal product of capital are used in decision-making. Take into account how productive each is per dollar spent and make up your own example of the balance.
What would happen to equilibrium GDP if the rate of investment increased to $250 from current $200 billion per year? If net exports go up by $20 billion what would happen to Equilibrium GDP?
What effect is the diet likely to have on housing prices in Ulster County
The Confab Company spends $1 million to build a new branch plant that will probably be in operation for at least 10 years.Alex’s father owns a small grocery store in town. Alex works 40 hours a week in the store but receives no compensation.
The earnings of engineers, doctors, and lawyers are high because lots of education is necessary to practice in these fields
Assume that the U.S. is relatively K (capital) abundant and L (labor) scarce relative to Mexico. In terms of the Rybczynski theorem, what would have to happen between the U.S. and Mexico in order to reduce the U.S.'s comparative advantage and global ..
This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:
At what sales/output level will marginal costs (MC) reach a minimum and estimate the value of TVC for sales/output level 250,000 units, and calculate the 95% confidence interval for your estimate.
a monopolists demand function is given byp 80 - 3qwith mr 80 - 6q.its total cost function isnbsptc 20q 200with mc
health information systems can be divided into 4 categories clinical information systems management strategic decision
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