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Question
A firm minimizes its costs by using inputs such that the marginal product of labor is 10 and the marginal product of capital is 20. The price of capital is $10 per unit. What must the price of labor be?
Discuss how the level of output per person in the long run would likely be affected by each of the following changes: The right to exclude saving from income when paying in- come taxes.
1. when the government increases taxes to provide traditional public goods such national security there tends to bea.
What will be the impact on the prices of product produced by workers working at or near minimum wage level and how will this affect overall consumer purchasing?
Of course we want your final conclusion and recommendation on what the company should do regarding the location issue, as well," he says. "What type of presentation do you have in mind, Lester?"
Would the introduction of the World Central Bank within a three-currency monetary union positively or negatively affect the ability of the World Trade Organization to implement the various GATT Agreements in a fair and consistent manner?
Discuss in which ways modern urban lifestyles are unsustainable and how they can become more sustainable?
How can we measure the opportunity cost of producing a good? Using a bowed outward production possibilities curve between ice cream and hammers, identify graphically the opportunity cost of obtaining an additional hammer.
Which is not a factor of production? Which is not one of the five fundamental questions that an economy must deal with?
The short-run aggregate supply (SRAS) curve is very predictable. When inflation is greater than people expect, SRAS eventually shifts (choose one: up, down).
An Energy Drink with a Monster of a Stock The $5.7 billion energy-drink category, in which Monster holds the No. 2 position behind the industry leader Red Bull.
Formulate the LP problem that maximizes expected profit, where the expected profit is the average profit from the 10 years of observations.
How does your country compare to the 3 base-line countries?
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