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Consider a firm with technology that can be represented by the following production function: f(x1, x2) = min {x1, x2} + x2 Input 1 costs w1 > 0 per unit and input 2 costs w2 > 0 per unit.
(a) Draw the isoquant associated with an output of 4. Make sure to label any intercepts and slopes.
(b) Find the firm's long-run cost function.
The bank issues a letter of credit to one of its corporate clients. What is the immediate impact on the equity ratio? What is the immediate impact on the equity ratio desired by the bank's management?
Television channel operating profits vary from as high 45-55% at MTV and Nickelodeon down to 12-18 at NBC and ABC. Provide a Porter Five Forces analysis of each type of network.
If the price of Seiko wristwatches increases from $125 to $200 and as a result the number of Seiko wristwatches purchased decreases, then:
Are there different ethical risks an entrepreneur faces if entering a market in a developed country as compared to a market in an undeveloped country?
Explain how each of the following is a form of price discrimination. a. a student discount at the movie theater b. long-distance phone service that costs 15 cents per minute for the first 10 minutes and 5 cents per minute after 10 minutes.
Elly is a teacher. Her mom gets really sick in January 2009, therefore she quits her job as a teacher and cares for her mother full time. But in January 2010 the government introduces a new scheme under which elly can get full time care for her mothe..
A manufacturer estimates that when q units of a certain commodity are produced the profit obtained is P(q) thousands dollars, where P(q)=-2q^2+74q-72.
One professor (who will go unnamed), wanting to remove the "grade grubbing" pressure from the classroom, announced to the class that all students who regularly.
Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below.
A process for filling cans of tomato sauce at a particular plant yields cans with sodium levels having a bell-shaped (i.e., approximately normal) distribution with an estimated mean of 460 mg and standard deviation of 20 mg. a) Apply the Empirical..
Determine what changes are occurring in the economy or concerning labor and regulatory factors that must be considered in the future.
Is there compelling evidence that relative to men, lending to women has more of an impact? Comment on the following statement: "Microfinance empowers women.
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