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Consider the following production function: Q = 100K^.4L^.6 .
A. Derive the expression for the marginal product of capital and for the marginal product of labor.
B. Compute the marginal products of capital and labor when K=25 and L=50.
C. Does the production exhibit diminishing returns in each factor, holding the other factor constant? Use calculus to answer this question.
D. Does the production function exhibit increasing, decreasing, or constant returns to scale? Show how you know.
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Discuss the difference between them and explain the managerial actions that can influence the firm profitability.
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Draw labor supply and demand curves for cashiers in Hadley supermarkets.
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Why should a government be concerned with the pricing of products that a company transfers to an affiliate in another country? Please explain in terms of taxation and exchange rates.
Arbitrators regard the term "subject to dismissal" as implying that management can implement disciplinary penalties other than discharge. The monetary value of employee benefits provided by unionized employers exceeds the value of employee benefits p..
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