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Suppose that a cost minimizing firm n a perfectly competitive market uses two input, labor and capital. If the marginal product of capital is twice the marginal product of labor and the price of a unit of labor is $4, what must be the price of a unit of capital?
According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company.
What is the highest cost of migration that a worker is willing to incur and still make the move
Explicate the difference between balanced growth strategy and unbalanced growth strategy.
Find out the equation for the firm's labor demand curve. Find the optimal level of labor for the firm to demand.
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate delivery increases
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Illustrate that there are any extra costs or benefits due to this shift.
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.
Demonstrate how growth accounting could be utilized to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real income rate also the real interest rate.
Why Should we remove all barriers to immigration into the United States. What would be the outcome.
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
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