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Consider a firm in the long run with production function given by ( , )=min( ,4 ) If the unit prices of labor and capital are given by the vector ( , ) what is the ratio of capital to labor in the cost-minimizing solution?
Show (provide the derivation and explain) why the slope of the indifference curve equals the ratio of marginal utilities. Then show graphically and explain why the optimal consumption point is where the ratio of prices equals the slope of the indiffe..
Calculate the probability that a randomly caught fish will be longer than 26.5 inches.
In another graph, show how this policy would impact the hours supply decision of a mother of a preschooler who is already working.
Those who advocate that the Fed target monetary aggregates, usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic conditions, yet those who advocate interest rate targeting never recommend ..
At this output, the average total cost is $15. What is the monopolist's prot?
q. if one draws mc curves pre and post innovation as well as the marginal revenue line for a monopoly and the mr in a
Explain why any point on an economy’s PPF must be associated with a point on the production efficiency locus in the Edgeworth box diagram.
Review Netflix most recent balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any o..
How does theory hypothesize that a current account trade deficit will be resolved.
Now, Art has to pass both subjects by obtaining at least 60 points on both courses. Illustrate his new budget set in the graph.
Explain the difference between the human capital and signaling theories of education.
If the required reserve ratio is 10% and $1,000 of new bank reserves are created by the Federal Reserve, what is the maximum potential increase in the quantity of money in the economic system (not just the money created by the banking system but the ..
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