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A firm has a production function (products of the whole year) given by q = 500 (LK)^1/2 . Wage is $40000 per year and capital rental rate is $90000 per year. (Details and steps required) a. Find the best way to produce 6000 products in a year. What is the total cost to produce? b. Find the best way to produce 12000 products in a year. What is the total cost to produce? c. Draw the isoquant curves map and solution point. d. From parts a, b could you find the total cost function? Write down this function. e. Find AC, MC functions.
Inflation and Quantity theory of Money. Adapted from Jones Q3 Ch 8: What is the key endogenous variable in the quantity theory? (Read chapter 8 if this isn't clear) Explain the effect on this key variable of the following changes (holding everything ..
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $100. Her variable costs are $1,000 for the first thousand posters, $800 for the se..
Find out the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Suppose that interest earnings are reinvested each year and themselves earn interest.
If total mortality among children remains constant whereas the incidence of that mortality shifted from late childhood to untimely rates of fertility declined.
Discuss how the distribution of income among various groups of income earners have changed in this country during the past 50 years. In your opinion, do we need to initiate any policy to address the distribution of income?
q1. short run profit maximizingthe producer of high-quality flatbed scanners is tiresome to decide what price to set
Why would your company have bid with a zero mark-up on some past tenders? Why didn't it win all of those contracts? What is the bid price that maximizes the expected contribution of the contract?
You are considering a luxury apartment building project that requires an investment of $12,500,000. The building has 50 unites. You expect that the maintenance cost for the apartment building will be $250,000 in the first year, and to rise to $300,00..
What is the amount of this bank's deposits that are in M2? What is the amount of this bank's reserves?
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
china raises reserve requirementsthe peoples bank of china the countrys central bank raised the reserve requirements of
In the same election game played in class, assume that we have three candidates. Now are strategies 1 and 10 still dominated by strategies 2 and 9 respectively? If not, check and see if they are dominated by strategies 3 and 8 respectively? If so, ar..
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