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Good Aliens Corporation: We make Good Product, We have Good Machines; It is All Good! Good Aliens Corporations, a famous paper manufacturer on planet Economia is considering expanding its operations in two new plants across the river: plant Alpha () and plant Beta ( ): Mr. Rho, the production manager, is reviewing a report submitted by his assistant Hans regarding the short-run total product curves for the two plants. Hans estimated the two production functions as follows:
Hans did not provide any additional information. Mr. Rho, who knows calculus, derived the marginal product for both plants as
Mr. Rho also knows that Good Aliens gave him only 10 workers to start up operations in both plants. The question that Mr. Rho is trying to answer is: How much labour should be allocated to plant Alpha and to plant Beta? And, at the best allocation, what is the output produced?
Demand for DVD rentals at a video store is described by the equation: Q= 4,000-500P, where Q denotes the number of DVDs rented per week and P is the rental price in dollars.
Describe the difference between a movement along the demand curve and a shift in demand and determine what factors cause the supply curve to shift? describe each factor.
Unfortunately banks are reluctant to make loans to people who currently have low incomes, even if there is a good chance their incomes will be higher in the future. If people could always borrow as much as they want to, would you expect consumpti..
Make sure to label the axis of the graph. Now, add two more production functions based on the following scenarios. a. Efficient institutions are adopted in a country. Label this production function F2. b. A new technology is adopted allowing great..
What employees are involved, what are their perceived inefficiencies, and how are they compensated and evaluated?
Explain: “Politicians would make more rational economic decisions if they weren"t running for reelection every few years.” Do you favor term limits for elected officials?
1.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. In a paragraph, what are the efficiency and equity effects of introducing a voucher system likely to differ across these t..
Differentiate the way Keynes and Friedman approach the economy. Determine the key differences and similarities?
over half of the nations lettuce comes from three california areas the imperial valley in the southeastern corner of
When obama was campaiging for president in 2008 he proposed more government spending paid for with higher taxes on the rich. What impact would those options have on the equilibrium?
Describe the issues, challenges, or disadvantages to forming the strategic alliance (focus on supply chain). Provide an example that is not included in attached reference.
What is the probability that all the population slope coefficients are actually zero, but the coefficients we estimated are different from zero due merely to random sampling variability In other words, what is the probability that the R2 is actual..
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