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Q=AK^aL^b (cobb-douglas fuction)
Where A,a, and b are positive constants.
a. solve for the marginal products of capital and labor.
b. for what values of a and b will production function exhibit diminishing marginal returns to capital and labor?
c. solve for the marginal rate of technical substitution.
How is Apple able to maintain high profit margins on its phones, while most Android phones struggle to be profitable? Select the answers that apply and give justification for your choices.
The annual additional energy requirement is 350,000,000 kilowatt-hours. The cost of energy from Canada is 1.48 cents per kilowatt-hour for the first year. The price will be escalated at 4 percent annually for the 20-year contract period.
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
Western County Bank is a small community bank that makes a modest profit by providing small business and personal loans to customers within the county and surrounding areas.
Suppose the residents of Toadhop live on the Quabache River which is a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than 1000 (type B) people. If the citizens of Toadhop do not work together, what is th..
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Consider the model of team production in which total incomearrow-10x10.png is four times the total amount of effort supplied. there are two individuals on the team and each individuals on the team and each individual i has the utility function u dete..
The German philosopher Immanuel Kant condemned Utilitarianism as an immoral ethical theory mainly because:
If production of an item results in negative external costs, then the market price is below the socially referred price that reflects the external costs the market price is above the socially preferred price that reflects the external costs market fo..
Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
q1. compute the elasticity of demand for fords automobiles or choose a specific make model and interpret what the
Recently American Airlines started charging $15 for each checked baggage. Why did the company simply not charge $15 to $20 more per ticket, and quietly avoid this publicity? responses to this topic.
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