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Question - Starting from the product function: q = 1000K0.4 L 0.8. Define the marginal technical substitution rate and find the expression of the marginal technical substitution rate with the given product function. Assume that the price per unit of capital (s) is 50, while the price per unit of labor (w) is 100. How should the production factors be combined in production as given above?
What is the difference between a positive and a normative statement and explain how absolute advantage differs from comparative advantage and what are the factors that determine the quantity of a good that buyers demand?
In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..
Determine the progressive tax rate t. Determine the consumption and saving functions with respect to disposable income, and with respect to aggregate income
Such "market failures" provide a justification for private conservation efforts and public land use planning and regulation. What does the author mean by market failures and inefficient land allocation? Explain why the author describes inefficient..
review the legal web page in the intranet section for kudler fine foods in the virtual organizations link. then using
A firm is negotiating with a local club to supply materials for a party. The firm's manager expects to sell 100 large bags of pretzels for $3 each or 300.
How does history play a role in today's economy?
What is the expected value and variance of the number of defective chips and what is the probability that they discover exactly 9 defective chips in this test?
You have decided to begin by creating a self-directed DfE team. What internal organizations should be represented on your team, and why? What would be your first steps as a self-directed DFE team?
Draw a supply/demand diagram of the market for "loan able funds" in the U.S. Use the "interest rate" as the "price" of loan able funds on your diagram. Show the effects of a rise in the expected inflation rate on your diagram.
If an effort to “maintain national security” government demands the wheat growers in America to produce Qs=16million pounds per year. The market can be expressed as P=120-3Qd and P=5Qs. What is the result of the government’s actions?
On the fictitious television game show, "Marginal Analysis for Everyone," the host subjects contestants to unusual tests of mental skill.
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