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Suppose we are given the firm’s marginal rate of technical substitution of labor for capital at the combination of labor and capital firm currently uses. Can we determine the Firm’s marginal product of labor and the margianl product at that combination? why or why not
In December 1992, the government began requiring that food contain labels with nutritional information. The information had to be verified by independent laboratories. The price of verification was $20,000 per food item. What impact would this have o..
In the long run, both monopolistically competitive and prefectly competitive firms attain
Basil Robekins has an idea for a new type of ice cream cone made from candy bars (like Butterfinger, etc.). He thinks his normal customers will buy more often because they can pick and choose from over 31 different candy bars and won't get bored with..
Suppose the cost function is C(Q) = 50 + Q - 10Q2 + 2Q3. What is the marginal cost of producing 10 units? my teacher said it was 401 for the answer but I don't understand how he got that answer because he asked the same problem and said that answer w..
Consider the equation: NX = S + (T-G) - I, afterwards, determine what happens to: Trade balance, public saving, private saving, and investment with respect to the following cases: Government Spending Increases. Foreign Output Increases. Simultaneous ..
Households and firms makes decisions about how much to consume and invest based on expectations about the future. How does government tax policy affect the decisions of households and firms from a general perspective? From your personal perspective? ..
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
Should there be an increase in regulation enacted to cause companies to better market their products and services? Why or why not? Provide an example to support your response.
Illustrate which of the following tax systems could NOT be structured to satisfy conditions of vertical equity.
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.
When a U.S. corporation sends a dividend check to a stockholder residing in Ireland, the transaction is recorded as a, All of the following would be recorded in the current account except
Define the law of demand, and the law of supply, graph a change in quantity demanded, and a change in quantity supplied. Illustrate a change in demand or supply. Illustrate what happens to the equilibrium price and quantity when you have an increase ..
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