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Question
Input prices for a firm are w=4 and r=1 and the production function is q = 4K.5 L .5 . What is the the least cost input combination required to produce 40 units of output? Suppose capital was fixed at 16 units. What would be the implications for labor usage and of total costs?
How price ceilings can put goods in the wrong place, as when too little heating oil wound up in New Jersey during a harsh winter in the 1970s.
A car is moving at 72.7 km/hr on a road. The car tires have a radius of 0.243 m. What is the angular velocity of the rotating tire in radians per second?
Please explain how an econ major student has relate to a job position of Business Development/ Sells, imagine if you are working as a member of the Business.
Describe any exceptionally good or exceptionally bad experiences that you have had with company contact personnel in-person, over the phone or over Internet.
A monopolist of a new computer software is facing demand: P = 100 -2 Q (where P is the unit price for this software and Q is its quantity) and MC = 20. What is the consumer surplus in this market
recent tax reforms make college tuition partially tax deductible for certain families. This should motivate more people to attend college. How will this higher demand for a college education affect tuition prices how will it affect the cost of the..
Using the Keynesian Model in modern times for the short run
A man wants to help provide a college education for his young daughter. He can afford to invest $600/yr for the next 4 years, beginning on the girl's 4th.
It is common knowledge that governments all over the world are involved in providing education for their citizens. To gauge the effectiveness of public education,
In other words, would the classical economist feel that contractionary monetary policy has the same impact on the economy as the Monetary Transmission Mechanism discussed in the previous question
How do rates of violent victimization vary with age? Victimization rates are generally similar for older and younger adults.
What you liked and/or disliked about the book. What you plan to implement in your life. A financial quote that you liked from the book with the page number.
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