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Given the Production Function of a perfectly competitive firm, Q = 160L + 18L2 - L3, where Q = Output and L = labor input
a. At what value of L will Diminishing Returns take effect?
b. Calculate the range of values for labor over which stages I, II, and III occur?
c. Suppose that the wage rate is $48 and the price of output is $2 per unit. How many workers should the firm hire?
d. At what value of L will Q be at its maximum? What is the maximum amount of Q that should be produced at the given wage rate?
e. If demand forecasts predict an output level of between 1600 and 2000 in the next decade, what would be your long-run strategy to optimize the resources of your company?
for the protons labeled ha and hb in the structure below predict the characteristics of their signals in the 1h nmr
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Suppose that a disk drive has 5,000 cylinders, numbered 0 to 4,999. The drive is currently serving a request at cylinder 2,150, and the previous request was at cylinder 1,805. The queue of pending requests, in FIFO order, is:
blutarsky is throwing a party at his fraternity and is trying to choose how much beer and vodka to buy. a bottle of
Suppose that Bank of America makes the maximum loan they can from the funds you deposited. Use a T-account to show the initial effect on Bank of America's balance sheet from granting the loan. Also include in this T-account the transaction
Identify and explain one government policy that could be used to reduce the rate of inflation in a country, if there was rising inflation.
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1. Assuming that the economy's MPC is 2/3 and that the government spending increases by $20 billion, what would be the impact on the equilibrium level of GDP? 2. If the economy's MPS is .2, what is the multiplier? 3. Given the following table that ..
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