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A company has a production function ( 1, 2) = 2 11/3 1/4
a. Find the business supply function. 2 The price of the product it produces is p = 2 and the values ??of the coefficients are 1 = 1 and 2 =2
b. If the price of the first input rises by one unit, what will happen to the offered quantity of product and the requested quantities of inputs?
Define the zones surrounding the lake. These may be defined by concentric circles around the lake or by geographic divisions.
The following article appeared on the front page of the Wall Street Journal on April 17, 1998: The public, by 79% to 17%, favors raising the minimum hourly.
Easy Living Corporation manages a 1000-unit rental apartment complex. If rent is set at $2,000 a month, the complex would have a 90 % occupancy rate. A 100 % occupancy rate is achieved by reducing the rent to $1,800 a month
A newly released study demonstrates that populated areas with significant air pollution caused by diesel engines experience a much higher incidence of cancer. If diesel engines were then banned, what sorts of results would you expect?
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Draw the graph of demand and marginal private cost curves for the factory - Find the equilibrium price and quantity.
Country A and country B produce the same consumption goods and capital goods and currently have identical production possibilities curves. They also have the same resources at present, and they have access to the same technology. Currently, countr..
How the economy coordinates society's independent economic actors? How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living?
Read the case: "In a Bind: Peak Sealing Technologies' Product Line Extension Dilemma". What would be some advantages of introducing an economy grade tape for Peak Sealing Technologies (PST)?
If a purely competitive firm is producing at an output where marginal revenue exceeds marginal cost, the firm will increase its profit by
Explain the issues, challenges, or disadvantages to forming a strategic alliance. Give an example to provide a context to your discussion.
Bruce has the quasi log-linear utility function, U(q1,q2) = q1 + 2ln(q2) Bruce has an income of $100 and faces prices p1 = p2 = $20.
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