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Suppose a firms production function is given by Q= L^1/2 * K^1/2. The marginal product of labor and the marginal product of capital are given by:
MPL= K^1/2 /2L^1/2 and MPk= L^1/2/2K^ 1/2.
Discuss how do reducing tax policies on electricity and imported luxury cars in short run affect firm revenue, consumer expenditure and government tax revenue?
suppose the economy has a natural rate of unemployment of 5.a. suppose short-run output over the next four years is 1 0
suppose there are two firms a and b in the market and the market demeaned is p50-q where p is the price per unit and q
When groups are formed, we want to consider how organizational structures, processes, and situations impact on group motivation, politics, and goals achievement. Alignment of all of these structural, personal, and interpersonal components will hel..
Choose two of the following economic systems(traditional,free market,or centrally planned) and explain which of the two systems you think does the best job of achieving each goal of the major economic goals each economic system tries to meet
From personal experience, of cities that are not monocentric? How does the intra-city truck affect rents in different parts of the CBD?
For many years, your company has been protected through patents, Technological change and introduction of new products have been slow.
consider an agent who lives two periods. he is unemployed at the beginning of the first period and has a wage offer of
Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 621 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.29. Let's assu..
Was there a redundancy of information in part (b)? If yes, how much is the minimum amount of information required in that question to derive the utility function?
in as much as sovereign wealth funds swfs are established to achieve national objectives the intentions of the united
Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or decrease the demand for labor. Identify and explain two factors that would increase or decrease the supply of labor.
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