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In the big push, let the new technology be given by Q=L/c-F/c where c=0.5. Suppose with the new technology the modern firm can produce the same output as the traditional firm with 9 workers. Let the total amount of labor be 1000 and the total number of firms be 100. Find the minimum number of units of labor needed for the modern firm to access the technology.
The upper and lower tail critical values of the ?2 distribution that are used to construct the 90% confidence interval for this problem would be:
Compare performance of a single-price monopoly with that of perfect competition. Explain how price discrimination increases profit. Explain why monopoly can sometimes achieve a better allocation of resources than competition can.
You are paying a series of five constant-dollar (or real-dollar) uniform payments of $715.48 beginning at the end of first year. Assume that the general inflation rate is 32.53% and the market interest rate is 32.53% during this inflationary period. ..
Explain how should it be allocated. Explain hardwood usage in the two lines of product are.
Calculate the income elasticities of demand for the following: Income rises by 5 percent; demand decreases by 5 percent. Income rises from $75,000 to $90,000; demand decreases.
illustrates what is a possible analytical tool to study the impact of WTO's trade rule on economic development of SSA?
Imagine that you are working for a company that has been exporting to Europe for five years. The company now sees an opportunity to expand into Asia.
As the first President of the United States of America, George Washington was aware that many of his actions would be regarded as precedents, meaning that many of the decisions he made in his presidency would inform the decisions of future Presidents..
How would a coffee bean shortage in South America impact the equilibrium price and quantity demanded of coffee? What would happen to the equilibrium price and quantity demanded of tea and the equilibrium price and quantity demanded of sugar?
Are property rights necessary for long-run economic growth? Are property rights sufficient for long-run economic growth?
Does one who kills another "deserve" to die? Why or why not? Are there circumstances that would change your answer? Make two lists (perhaps using a table with two columns). Calculations of the likely consequences of assigning that particular penalty ..
Four cards with digits 0, 1, 2 and 3 are rearranged in random order. Find the probability that the resulting number will be greater than 2018.
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