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A production process using two inputs, labor and capital, can be written as: Q=5KL MPL=5K and MPK=5L. The price of a unit of labor is $150 and the price of a unit of capital is $1000. Write the equation showing procedure for the firm's long-run cost curve
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Explain how labor market equilibrium is affected by the supply also demand of labor.
Costs for maintenance of buildings at an industrial complex are expected to be $2000 in year three,$2500 in year four and amounts decreasing by $200 per year thereafter through year nine. at an interest rate of 10% per year, calculate the present wor..
Examine geographic and economic factors that affect the business environment of China when introducing Agricultural products in that country. Can i have some details about this topic?
Find ticket price that maximizes revenue. Find profit-maximizing expenditure on players and profit-maximizing fraction of games to win.
Assume that the demand for plastic surgery price is inelastic. Are the following statements true or false? Explain your answer
Show that the consumers optimal consumption bundle will change despite them being able to afford their original bundle.
If Argus Corporation produces 8,000 vacuum cleaners per month, what is the estimated average variable cost? Marginal cost? Total variable cost? Total cost?
In each of the following situations, what type of unemployment is Melanie facing? Explain.
Elucidate how a bartender would know that the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.
q.general cereals is using a regression model to estimate the demand as well as for twee tie sweeties a whistle-shaped
The BRICS (Brazil, Russia, India, China, and South Africa) nations are increasingly important in international business. Provide a comprehensive description of the economy of each of these nations and identify reasons why the BRICS countries are grow..
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