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Output is produced according to Q=4LK, whre L is the quanitty of labor input nad K is the quanitty of capital input. if the price of k is $10 & the price of L is $5, then the cost-minimizing combo of K & L capable of producing 32 unites of output is?
Why do we expect firms in this market to only charge $20? Why won't companies charge $30?
American Capitalism is not pure Capitalism; it has become a mixed economy, largely because of defects or failure in the market system that Adam Smith
Illustrate the full income budget constraint on an individual who has T0 units of discretionary time, Y0 units of unearned income and a wage rate of W0. In the same diagram, illustrate the utility maximizing choice of leisure and goods/income. Indica..
The campaign is very successful, and the company increases its share of the compact-car market substantially. What is Ford likely to do?
Research and report on TWO online resources for assistance with business tax preparation.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Based on the regression equation, the price of gold increased on average by approximately $___ per ounce for a $500 billion increase in the monetary base (round to the nearest dollar). regression equation $/oz gold=207+.05 monetary base
Consider a $10,000 security that pays a 6.5% coupon rate at the end of every year for nine years. If the annual rate of discount is 3 percent.
Assume that grapefruit is an inferior good. Draw a perfectly competitive market for grapefruit and a firm selling grapefruit in the long run equilibrium where price is $1 and the firm’s equilibrium quantity is 50. Explain the following situations gra..
Chronological order from earliest to latest:
Explain how an acceleration of the GDP growth rate could have contributed to the fall in the debt-GDP ratio during the 1990's.
What is a charismatic leader? Explain, example (do not give an example of Mr. Schultz)
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