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Q1. Do you feel that the FED should have more accountability to publicly elected officials (politicians/policymakers); or, do you believe that FED independence should be preserved? Please explain.
Q2. production process using two inputs, labor and capital, can be written as:
Q = 5LK
MPK = 5L
MPL = 5K
where Q represents output per day (tons). The unit costs of inputs are $150 for labor (L) and $100 for capital (K). Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Describe the required outlay for 1,000 tons per day.
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
Then you inherited a piece of commercial real estate bringing in $12,000 in rent annually.
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
Assume that Roscoe's Rascals decided to add the pet food line. A copy company wants to expand construction.
Conclude a price range where there might be a mutually beneficial insurance contract.
Identify 3 types of competition that most firms encounter other than competition from other firms in their industry in their home nation.
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
The commercial banking industry in Canada is less competitive than the commercial banking industry in the united states
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
At some levels of output Acme's average total costs are less than Generic's, but at some levels of output Generic's average costs are less than Acme's.
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