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A firm has a production function,q=A LaK1−a, where 0<a<1. It wants tominimize cost for a given production q. The wage rate and rental rate on capital are wand r, respectively.a. Write the Lagrangian expression for the cost minimization problemb. Write the first-order conditionsc. Find the cost minimizing L and K
q.there are two countries- home and foreign. suppose that the production of vacuum cleaners exhibits external economies
q1. on one hand the wtos role in international trade is becoming more significant. on the other hand its verdict on the
What factors might account for the increase in the earnings of college-educated workers vis-vis high school graduates and dropouts over the last three decades?
Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of un intermediated capital worth 10 million goods. Find the tot..
q.case 2 dove - building a global brand1. historically unilever has had a reputation for customizing its product
Graph the following statements using demand curves only, elucidate how whether there is a change in demand
Unit I PowerPoint Presentation As stated in the Unit I Lesson, the importance of an international trade can be roughly measured using a ratio called openness. Include no more than six abbreviated bulleted items for each slide in approximately 24-poin..
A descriptive essay on "what are the benefits and the costs to a nation of higher trade barriers? Which are greater: the benefits or the costs? What impact would a dramatic increase in the world price of oil have on the national?
Less-developed countries have a greater incentive to adopt sound institutions and policies as transportation and communication costs decrease. Political decentralization makes it easier for governments to levy taxes and spend revenues on things that ..
Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided. Use "structural unemployment’s, cyclical unemployment, and frictional unemployment." 2 are cyclical, 1 is..
In a recent year, a bank earned $12 million in interest on its assets of $177 million, it paid out $8 million in interest on its liabilities (excluding capital) of $172 million, and it paid its workers $3 million in total compensation. The bank's spr..
What should Zelnick and Conroy do. Should BMG integrate. Should they continue to work with a wide array of technology partners.
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