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Suppose the production function for a firm is given by: q=8L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Governments in Australia and around the world are considering implementing a minimum price (aka price floor) on alcohol. Your task is to use the Economic way
Include the following in your answer: Who benefits from a weaker dollar? Who loses?
These tests are used when you want to determine the probability that a sample was drawn from a population with a known mean
Provide a concrete example of how the multiplier effect could work from some increase or decrease in your own access to earnings or credit.
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
Explain which it would not be optimal for Firm 1 to make the investment if there were no threat of entry.
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for Highlander is Q = 80,000 −1.2P, what price should you charge in order to maximize revenue from sales of the Highlander?
The Western Capital Growth mutual fund has, What is the fund's net asset value (NAV)?
If a consumer is given a $10 gift certificate good only for items in store X, and all items in store X are normal goods, then the consumer desires to consume: Select one: a. more goods in store X. b. fewer goods in store X. c. the same amount of good..
What is the effect of an increase in Government Spending on Bond Prices in the Short Run?
Using Microsoft® Visual Studio®, write an application to find the area and perimeter of a rectangle for the given input values of Length and Width in different measurement units using inches (in), feet (ft), meters (m), and centimeters (cm).
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