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A firm's marginal product of capital is twice its marginal product of labor; the price of labor is $6, and the price of capital is $3. Is the firm minimizing cost? If not, how can it reduce its cost? Explain.
Please show work to derive explanation.
The airline is considering building a new training center on this land.
The present value of $1 payable for 20 years at a discount rate of 6 percent is $11.47. Calculate Richard's human life.
Using graphing function on TI-83/84 Explain how price supply and demand are equal. At this price, explain how many tickets will be supplied and sold.
A manufacturer estimates that its variable cost for manufacturing a given product is given by the following expression: C(q) = 25q2 + 2000q [$] where C is the total cost and q is the quantity produced. Derive an expression for the marginal cost of pr..
Roughly speaking, a merger between two firms is legal:
In the paper by Paul Degrauwe, The Governance of a Fragile Eurozone, he argues that the fundamental problem causing the problem in the Euro-zone today is that countries cannot borrow in their own currencies. Explain what he means by this and what the..
The Kannapolis Intimidators price their tickets at $12 and average 1,600 tickets sold per game. Then they reduce their ticket price to $6, and then 2,800 tickets per game are sold. Assuming a linear demand curve, what ticket price would maximize reve..
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
Which of the following is NOT an argument for maintaining a positive rate of inflation? Advocates of taxing consumption rather than income argue that
What are the phase(s) of the change process that a company undergoes during a culture change, who is most effected in with respect to each phase
The following relations describe demand and supply. Find the market clearing (equilibrium) price and quantity and show them graphically using S and D curves. A free hand graph will do as long as you identify clearly market clearing P and Q. Calculate..
In the two goods consumer demand setting, an increase in one of the prices of a given level can have the same effect on the budget constraint as a given (maybe different) increase in income. A consumer who can borrow and lend at a constant interest r..
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