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If a profit maximising firm marginal product of labor equals 1 ton of output while the marginal product of capital equals 7 tons and the use of capital is priced at 14 per unit, then price of labour must be?
Darlene's utility function is U(q1, q2, q3) = ((q1)^3)((q2)^7)(q3). If her income doubles and prices remain unchanged, her demand for commodity
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply
What determines the inflationary impact of budget deficits?
above you see three indifference curves and a budget line.nbsp answer the following questions.a.nbsp if this consumers
How can a clothing store ensure they order a mix of clothing that will sell through when consumer demand surges during cyclical phases
New actuator element technology enables engi- neers to simulate complex computer-controlled movements in any direction.
What is your intended major? Discuss how your interest in the subject developed and describe any experience you have had in the field - such as volunteer work.
assume that the federal reserve the fed unexpectedly shifts to restrictive monetary policy. why would the fed make such
Compare and contrast the two documents. Identify similarities and differences between Jefferson's and Madison's arguments. The Virginia Resolution, The Kentucky Resolution 1798 Draft and The Kentucky Resolution.
how many units of each product should she buy in order to maximize her utility. Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change..
Create three optimal decision rules for Katrina's Candies (e.g., whether to hire more staff or hire temporary workers to meet production schedules).
Data from health clubs show that members who choose a contract with a flat monthly fee of more than $70 attend, on average, 4.8 times per month. They pay a price per expected visit of more than $14, even though a $10-per-visit fee is also availabl..
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