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A local firm producing cutlery has the following production function = ( 1, 2)=x1^1/2 x2^1/2, where x1 and x2 represents the labor and capital quantities respectively. The owner states that they employ 16 units of capital in the production process. Let the per-unit price of output be expressed by and the price of labor by 1. Find the factor demand for labor and the level of output it will produce.
Assume currently each country spends half the year producing widgets and half the year producing sandals - would specialising and trading help
Jay z or beyonce who has more economic value in historicity and todays age.
What is the probability that the sample mean will be more than 9.0%
Explain how governments restrict international trade and who benefits as well as who loses from the restrictions.
Complete the demand schedule implied buy these data
Does the formula for falling bodies give accurate or inaccurate results when a feather is dropped? How about when a ball is dropped? What about when a ball is dropped from an airplane?
According to The "tIll Street Journal article on February 1. 1996 ("Intrinsic Value" by Roger Lowenstein, p. C1), pension fund asset" in the United States.
If you can enter only one market, and the cost of entering the market is $250,000, should you enter one of the European markets. If you enter, what is your potential profit.
Would you characterize the copyright as a non-rivalrous good? However, is such a copyright also non-excludable? Justify your answer with economic reasoning.
What would be the market mechanism solution and What would be the central planning solution
The Metal Company produces brass fittings for one cent a piece. Their production function is q = 500 . E^2 . K^3 , where q, E, and K are the numbers of fittings, workers, and machines, respectively. Calculate The long-run optimal amounts of workers..
Global imbalance is an element to crisis. List the current elements that could lead to a global crisis at this moment in time. Essentially, look at the current.
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