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Presume an economy's output depended on capital (K) and labor (L), and was determined by the function F(K,L) = 50(K^0.7)(L^0.3). Presently, there are 200 units of capital and 600 units of labor. Based on partial derivatives, by much would you expect output to increase if capital was increased by one unit while labor was held fixed? (Just type the answer and round to two decimal places)
Why does rent control result in a shortage of rental units.
Will firms in a price-taker market be able to earn profits in the long run? Why or why not? What determines profitability? Discuss.
figure describes the costs and benefits resulting from different sizes of a ski resort that is being planned in a
Describe considerations for undertaking macroeconomic stabilization policy including understanding the use and effectiveness of fiscal policy and monetary policy in stabilizing the national economy.
you just won the irish lottery you bought a ticket while you were on vacation in ireland and you just won a 1 million
How does industry-level price elasticity of demand shape the opportunities for making profit in an industry How does the firm-level price elasticity of demand shape the opportunities for making profit in an industry
Explain why inflation is a main concern for an economy, and examine how well inflation in Australia has been managed by the monetary authority.
Assume that the banking system's nonborrowed reserves total $48.3 billion, with total legal reserves standing at $51.2 billion. What must lent reserves be?
your company xyz trading also imports attractive products for domestic sales. your new job is to 1nbsphelp grow the
Determine which system, socialist or capitalist, feudalism or mercantilism, works better? Explain your reasoning? Also, which type of business gives the owner highest protection or the most incentive to succeed?
Edward the entrepreneur takes 2 hours to cut a lawn, and he cuts 1,000 lawns per year. He uses solar-powered equipment (truck and mover) that will last forever
In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening side effects, including joint disease, abnormal cartilage growth, liver damage and a degenerati..
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