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Q. A firm has subsequent short-run production function:
Q=50L+6L^2-0.5L^3 Q=quality of output per week L= number of worker
a. When dose the law of diminishing returns take effect?
b. Compute the wage of the values for labor over which stage I, II also III occurs.
C. Assume each worker is paid $10 per hour also works a 40-hours week. Elucidate how many workers should the firm hire if the price of the output is $ 10? Assume the price of the output falls to $7.50.Illustrate what do you think would be the short-run impact on the firm's production? The long-run impact?
Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.
its marginal costs are below total average costs. If it creates an additional watch where its average total costs rise -fall or stay the same.
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If Rob and Nate are the only people who purchase discs, graph the aggregate demand for discs and write down the equation for this aggregate demand function.
If it wants to accomplish this change in the money supply using open-market operations, what should it do.
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