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Question: Suppose technology is such that the labour-managed firm in the short run faces an average earnings curve which is inverse U-shaped, as in Figure. Use this short-run diagram to illustrate:
(a) the change in the level of earnings after an increase in price at the initial equilibrium level of employment;
(b) the change in the marginal revenue product of labour after an increase in price at the initial equilibrium level of employment;
(c) the new equilibrium level of earnings and employment after an increase in price;
(d) the new equilibrium level of earnings and employment after an increase in capital rentals.
Given a sample of 50 observations and 4 explanatory variables, what can you say about autocorrelation.
1. How many of the coupon bonds must East Coast Yachts issue to raise the $50 million? How many of the zeroes must it issue? 2. In 20 years, what will be the principal repayment due if East Coast Yachts issues the coupon bonds? What if it issues th..
They play a central role in Fast Fourier Transforms and in digital signal processing, among other things.) It is easy to see that Bay is a vector space of functions.
Calculate the mean, median, mode, variance, standard deviation and skewness.
What will be the effect of increasing by 1000 resources to constraint [3]? Will it change the optimal value? Will it change the optimal value of the objective function? If so, by how much?
Which points in the digital line form open sets? Which form closed sets? For the points which are not closed, find the smallest closed set containing that point
An irrigation scheme is fed from a river via a diversion channel. The irrigation channel is 2 m wide and is constructed of concrete with an estimated value of 0.019 for the Manning n. The bed slope is 0.0025.
A market research company employs a large number of typists to enter data into a computer. Calculate the proportion of new typists that take more than two hours (120 minutes) to learn the computer system
If he decides that his investment in the stock of company A is to exceed his investment in the stock in company B by at least $20,000, determine how much he should invest in the stock of each company in order to maximize the return on his investme..
Cooper Realty is a small real estate company located in Albany, New York, specializing primarily in residential listings.
Suppose there are two types of movie: Arty (A), and Popcorn (P). These films may be either Decent (D) or Terrible (T). 35% of all movies are Arty. 20% of all movies are both Arty and Decent. If a film is Popcorn, there is a 75% chance that it is T..
A company's input requirements over the next four weeks for the three inputs X, Y and Z are given (in numbers of units of each input) by the matrix.
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