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Q = 25L^.4 K^.6 where Q = output measured in one thousand covers, L = labor measured in person hours and K =capital measured in machine hours. Techcovers currently pays a wage of $10 per hour and considers the relevant rental price of capital to be $25 per hour. Determine the optimal capital labor ratio that tech covers should use in their production of covers. if the firm's budget is $7500, how much labor and capital should be employed?
assume there are 400 families in a community. each of these families spends exactly 100 plus one-half of its total
in a command or planned economy the government not the market regulates the factors of production and economic
Describe various revenue models available as video content shifts from atoms to bits. What are the advantages and disadvantages to each - for consumers, for studios, for middlemen like television networks and Netflix?
Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged with banks on interbank loans) down to 0.25 %. Did this p..
How does this affect the dollar-yen exchange rate?
Calculate the index of real GDP and population growth between 2000 and 2010 for China, Canada, and Zimbabwe. Assume that the value of this index is equal to 100 for the year 2000.
Think the single-index model. The alpha of a stock is 0 percent. The expected return on the market is 12 percent. The risk-free rate of return is 6 percent.
Find the equilibrium price, quantity produced, and quality level.
a private-garage owner is currently charging his customers 1.75 per hour. but he is considering changing the way he
1. assume you are a policymaker in washington dc. lobbyists for the preschoolers of america have put pressure on
Use a supply and demand diagram to illustrate the following conditions a. Cost -push inflation caused by a labor union successfully negotiating for a higher wage. b. Demand-pull inflation caused by an increase in demand for domestic products from for..
the lecture described how taxing income may change savings behavior. suppose instead that the government taxed
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