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Eds building company has the production function q=20L - L^2. L is the quantity of labor Ed employs.
1. Find marginal production of labor and the average product of Labor
2. For what value of L is MPl greater than 0? For what values is it diminishing?
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
Money demand shocks will not affect the output level so long as the Fed pegs interest rates. True or false? Use an IS-LM diagram to explain your answer.
a firm in a purely competitive industry is currently producing 1000 units per day at a total cost of 450. if the firm
Define Demand and Supply - What may cause individual household to buy more goods and services?
U.S. : P = 8 - 1/10 QD P = 4 + 1/10 QS (or, QD = 80 - 10 P and QS = -40 + 10 P)ROW: P = 8 - 1/10 QD P = 2 + 1/10 QS (or, QD = 80 - 10 P and QS = -20 + 10 P)What is the autarky or no trade price of motorbikes in the U.S.?
consider an entrepreneur you know could be a relative friend or acquaintance. answer the following questionswhat
Determine the market equilibrium conditions in this market for Wides and summarize your recommendations or advice to Barks concerning market conditions and production levels.
Descriptive stats for each numeric variable, Histogram for each numeric variable and Bar chart for each attribute (non numeric) variable
Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of money a..
Using a graph show (and discuss) that the presence of external economies creates a natural entry barrier for new entrants when there is an incumbent industry,
Describe how each of these activities affects government, households, and businesses - Decrease in taxes.
According to an article in Business Week Online, the company is not only the world's largest shipbuilder but also manufactures other industrial goods ranging from construction equipment and marine engines to building power points and oil refinerie..
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