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Assume that a firm has a fixed-proportions production function, in which one unit of output is produced using one worker and two units of capital. If the firm has an extra worker, say two workers, and no more capital, it still can produce only one unit of output. Similarly, an extra unit of capital does the firm no good.
Find the uniform price if there is two customers.Type A who will only pay 10.00 dollars for a single unit of the good, and Type B who will only pay 8.00 dollars for a single unit of goods.
Why do insurers use class plans? What would happen if an insurer used a class plan that was less homogeneous by class than those in use in the current marketplace?
a) Calculate the short-run equilibrium output and the output gap.
During a coffee-room debate among several young MBAs who had recently graduated, one of the young executives flatly stated, "The most this company can lose on its Brazilian division is the amount it has invested (its fixed costs)."
The Mississippi Bridge Authority operates a toll bridge that crosses the river near St. Louis. Traffic over the bridge includes tourist traffic and commercial traffic. It also includes commuters who work in St. Louis but live on the Illinois side ..
The production process of the firm you manage uses labor and capital. How does the long-run expansion path change when the wage increases while the rental rate of capital says constant? Draw a diagram to illustrate the change.
1. Explain the functionality and use of typical network protocols. 2. Analyze network components and their primary functions in a typical data network from both logical and physical perspectives.
Give an appropriate number of electrons in each shell to represent a magnesium atom in an excited state. You may include additional shells
The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. What are the primary functions of the Fed? What role does the Federal Open Market Committee (FOMC) play in our economy
What is the formula for his family of indifference curves? What do these curves look like? In this example, are movies and books perfect substitutes, perfect complements, or neither?
What is the problem that is economy is facing?
The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labour force was 141.8 million, and the total number of employed was 135.1 million. Calculate the following:
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