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Q. A firm sells its production in a perfectly competitive market at a fixed cost of $10 per unit. It buys 2 inputs L as well as K at costs of $15 / unit as well as $50/ unit respectively as well as has following production function: Q=100L^0.3K^0.5.
a. By using calculus show that the production function exhibits diminishing returns to labor. Interpret your answer.
b. Currently show that if the same production functions also has diminishing returns to capital.
c. The return to capital as well as labor is same? Briefly clarify your answer.
Elucidate how many workers the firm should hire for different values of the wage rate in order to maximize profit.
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The control function of the federal reserve system is divided into quantitative controls and qualitative controls. What is meant by the term "qualitative"?
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The annual maintenance cost is estimated to be $100K. A major renovation at a cost of $50M is required every 100 years. What is the capitalized cost of the bridge at an interest rate of 5%?
Elucidate which of the subsequent statements is correct regarding the equilibrium cost also quantity of X.
Illustrate which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign.
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
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