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A producer of light bulbs claims to have the folllowing production function: Q=10L*G.
a) what is the marginal product of labor? or glass?
b)Draw the relavant isoquant map and isocost line if the cost of labor is $4 per work-hour and the cost of glass is $4 per pound and 90 light bulds are to be produced. What is the cost minimizing combination of glass and labor.
c) If Q were to increase to 160 light bulbs, would this firm exhibits constant, increasing or decreasing returns to scale. Explain.
Identify at least four policies from the textbook that the government has created to impact economic growth and productivity.
Illustrtae what is the required rate of return on each of the two company's equity.
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
Use the following information to answer the questions. Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow?
Assume that an engineer is deciding either not to move to northern Virginia or remain at his current job in Milwaukee.
Explain why do people who work at investment banks earn so much. What is the justification for capital requirements imposed by bank regulators.
All Company in the industry have identical cost structures - the industry's total cost has fixed cost of 6000 and constant variable cost of 50.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
Utilizing the info above, which country has a comparative advantage in producing cars and which has a comparative advantage in producing trucks.
B3 Oraganization is a manufacturing firm that uses job order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours.
Utilize these determinants in judging either demand for every of the following products is elastic or inelastic.
All semester we have been tracking the economy to discern where it currently resides along the business cycle and where it seems to be headed over the next 6-9 months.
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