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Assume fixed costs are 470 and labor costs $20 per unit. The first laborer produces 20 units of output. Subsequent hires add 5 units less to production than the previous worker. Thus the second worker adds 15, the third adds 10 etc. Which of the following is a true statement?
A At an output of 20 the total cost is $20.
B Average total cost at an output of 50 is 11.
C Average fixed cost is 10 when output is 45.
D Marginal cost keeps falling as the number of laborers hired increases.
Where A,a, and b are positive constants. solve for the marginal products of capital and labor. for what values of a and b will production function exhibit diminishing marginal returns to capital and labor?
What are the force and torque experienced by a system having a total dipole moment equal to 10?7 Cm in the negative z-direction?
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Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these costs to rise about $1500 each year while he is in college. If he earns an extra$15,0..
Vaccine was given to a randomly selected portion of the population. Assuming normal distribution, these were the results: 180 vaccinated and diseased
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The US current-account deficit grew rapidly from 1980 to 2005. Then it stopped growing from 2005 to 2017.
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