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Using TP=Q=f(K,L) show mathematically that the average product of labor curve intersects the maximum point of the average product of labor curve.
Demonstrate mathematically that the maximum point of the average product of labor curve falls on the downward sloping portion of the marginal product of labor curve
A project has a first cost of $10,000, net annual benefits of $2,000 and a salvage value of $3,000 at the end of a ten year useful life. What is the future worth of the project if MARR = 10%?
Calculate the percentage change in nominal gdp, real gdp and the gdp deflator in 2008 and 2009 from the preceding year. for each year identify the variable that does not change. explain in words why your answer make sense.
Consider a supply and demand model of the wholesale gasoline market. If a tropical storm forces some refineries to temporarily withdraw from the market, what curve shifts and in which direction?
What occurs when impact of change in tax structure? What limits ability of banks to make loans? Should an individual's investments be diversified? What is the relationship between unemployment and inflation?
What is a stream of historical data known as?
Demonstrate and discuss the effects of imposing a new industry-wide minimum safety standard. Under what circumstances might such a minimum safety standard leave at least some workers better off than they were before government intervention?
Consider the competitive (private) market for widgets described by the following marginal benefit (MB) and private marginal cost (PMC) curves: MB = 100? 0.1Qd PMC = 4 + 0.06Qs, where Qs and Qd vary from 0 to 1000. Calculate both the consumer and prod..
During the Self-Determination Period, Federal agencies have:
Analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a country during a natural disaster.
A single firm monopolizes the entire market for some product which can be produced at a cost of c(Q) = Q^2. The firm faces a market demand curve given by Q = 60 ? 0.5p. What is the firm’s profit? Calculate the Lerner Index for the market
Do you think the NRA is justified in its actions toward the CDC? Do you think the CDC should pursue gun-related injury research? The NRA contends that the CDC had an anti-gun agenda and that it was playing politics with the research. Does this alter ..
When the wage rate increases, individuals recognize that the opportunity cost of leisure has risen, choose to substitute labor for leisure, and thus offer to work more hours. This is called the
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