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Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the price for the product is P=100. How many units of Labor should this firm hire in order to maximize profits/minimize costs in the short-run?
How many units of output does the firm produce in the short-run?
How much profit does this firm earn in the short-run?
Identify 4 threats caused by globalization. Explain how globalization affects the gross domestic product (GDP).Explain your thoughts on globalization in your own words (e.g., is it bad or good Why or why not Does it affect all countries).
there are 2 brands of cell phones that are almost identical except for some minor features the a-phone and the
A local newspaper headline blared, “Bo Smith Signs for $30 Million.” The article revealed that Bo Smith, the former record-breaking running back from Football University, signed a $30 million package with the Nebraska Lions.
Assume that you became president of small theater company. Your playhouse has the 120 seats and small stage. The actors have national reputations, and demand for tickets is enormous relative to number of seats available
At the moment of the purchase, the interest rate on gold coins was 5%- Was this purchase a good deal for Khazad-dûm Inc.?
please can you let me know how demand and supply determines prices in contemporary art market and the effects on
assume you are a manager of a large multinational enterprise mne from an industry of your own choosing. you have been
Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition.
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
Compare Smith and Ricardo on the determination of value
What is the probability that the employer will hire a high skilled worker?
buildingone properties is a limited partnership formed with the express purpose of investing incommercial real estate.
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