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For the production function Q = K 0.35 L0.5 write the marginal product of K and L and determine whether they are downward sloping. Let K = 50 and write the equations of total, average, and marginal product of L and graph them.
Two machines are under consideration for a new production line. Machine X costs $50,000 and is expected to have a salvage value of $6500 at the end of its useful life of 5 years. It will have a fixed cost of $16,000 per year and a variable cost of $5..
Which of the following is true for perfect competition but not true for monopolistic competition and monopoly. a. MC = MR. b. P = MC. c. Positive long run profits. d. Both b and c.2. Profit margin equals: a. marginal cost minus marginal revenue. b. a..
Find the present value of a project cash flow that starts at EOY1 with a value of $5000 and increases each year thereafter by a value of $500 per year. The expected life of the project is to all intents and purposes infinite, and the discount rate is..
If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain
1. suppose the market for melons can be described by the graph below. show all work in your answers.a. if jons maximum
After reviewing the range of earnings across various jobs on salary.com, it should be clear that income disparity in our economy is considerable. Explain whether or not you believe that the degree of variation is justified.
Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 %. Households deposit $15,000 in currency into a checking account at the bank and that currency is added to reserves. What level of excess reserve..
In the United States, a buyer of a new electric is eligible for a one-time federal income tax credit of up to $4,000. Show the effect of this tax credit graphically, assuming the $4,000 credit is a Pigouvian subsidy. Label the graph correctly and exp..
A business owner used a revenue function and a cost function to analyze his monthly sales. One month he found that with a sales volume of 600 items he had revenues of $10,200. Another month he had total costs of $4,700 on a sales volume of 400 items...
Describe the welfare costs of a monopoly and discuss the regulator organizations that monitor anti-trust inAmerica. Name these organizations and their functions.
explain what could happen in the future with each of these trends below and come up with three3 more trends not listed
consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital to
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