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Suppose that a firm’s production function is given by Q = KL + K. At point A, the firm uses K= 3 units of capital and L = 5 units of labor. At point B, along the same isoquant, the firm would only use 1 unit of capital.
Calculate how much labor is required at point B.
What are carrying costs in the denominator of the economic order quantity (EOQ) formula? How do large carrying costs affect the economic order quantity?
Illustrate what does this mean for the survival of small firms in the industry.
A unique aspect of a market economy is that consumers and firms change their behavior largely in response to:
q. the road runner club contributes money to senator slys reelection campaign fund and senator sly helps pass
Elucidate using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
q.an economist claims depends on an econometric study that high profits in a certain industry are explained by that
q1. cost mart reduces the cost of a 42 inch tv plasma from 1200 to 1000. as a result sales of tv plasmas increased from
Illustrate what is the gain in consumer's surplus for ABC fan that can get these sweaters at Target instead of at the ABC.
Suppose vehicle is introduced into a central business district (CBD), doubling speed of travel for information exchange. Who financially benefits from innovation.
q1. disposable personal income equals personal incomea. minus government transfer payments plus personal tax
Illustrate what new decisions will you make regarding production levels also pricing for your Widget facility.
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