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I have a production function Q=f(L,K)= 2L+4K. The cost of each unit of L labor is 10 and the cost of each unit of capital K is 18. Assume the gift boxes are currently selling for $4 each. Determine the profit-maximizing quantity Q for this company. Also, how much labor and capital are used to produce this quantity.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Suppose the daily demand function for pizza in Berkeley is Q = 1,525 – 5P. The variable cost of making Q pizzas per day is C(Q) = 3Q + 0.01Q2 , there is a $100 fixed cost (which is avoidable in the long run), and the marginal cost is MC = 3 + 0.02Q.
Households deposit $5,000 in currency into the bank that is added to reserves. Illustrate what level of excess reserves does the bank now have.
Your system (Aircraft, etc.) has a reliability of .80 after operating for 1000 hours. What can you do to meet the customers' required reliability? Explain in detail.
what he has learned to estimate the demand for ice cream in his father's parlor during his summer vacation. Using regression analysis.
Two consumers Jorge and Admen, together own 1,000 baseball cards and 5,000 Pokémon cards.
what will happen to the hedonic wage function after the public relations campaign? what will happen to where each individual miner locates on the hedonic wage function?
Explain how much he finishes up paying each provider every month. Explain how much customer extra he obtains with each provider.
Read this article; what is the most likely way that anti-gouging laws potentially can increase social welfare? They increase the deadweight loss for those companies who practice price gouging. The laws raise these companies' costs so that it is no lo..
A purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. His five acres of land Elucidate how.
What output will firm choose. What will be monopolistic competitor's average fixed cost at output it chooses.
Managerial economics samuelson and marks 7ed. Chapter 8 questions 8 P=35 - 5Q, where Q is the quantity of microchips in millions. The typical firms total cost of producing a chip is Ci=5qi where qi is the output of firm i. What is the deadweight loss..
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