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Indicate whether each of the following statements is possibly true or certainly false.
a) The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost the same, and is l = 12 and K = 37 when labor costs $20 and capital costs $15.
b) The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost $12, and is l = 15 and K = 33 when labor costs $10 and capital costs $15.
structural unemployment of 2 percent, seasonal unemployment of 0.5 percent and cyclical unemployment of 2 percent, illustrate what is natural rate of unemployment.
What reliance performance would be measured efficient. Elucidate reliance behavior which would be considered excessive.
Draw what you think are likely shapes of supply and demand curves for the markets listed below. Explain why you drew the graphs the way you did. Explain the slopes of the curves near the competitive equilibrium in your graphs.
What is the present value of the following series of prospective payments?
Find out the firm's total fixed cost. Find out the firm's total variable cost. Find out the firm's short run marginal cost. Find out the firms average variable cost.
It is assumed that quantity of item is intended of other items find out probability that first faulty item doesnot occur in the first six selected items.
Illustrate what is the cost of producing 10 units in the short run? First conclude how much labor is needed.
Economic Projections you have just been appointed the new Economic Advisor to the U.S. Government and have been asked to develop an economic series of projections for the U.S. domestic economy for the next year. Outline your new forecast based on cur..
If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.
q.the inverse market demand for mineral water is p200-10q where q is the total market output and p stands for price of
Explain how much pollution reduction should Appalachian Coal Mining undertake.
A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. Show the range of labour where stages I, II and III of production o..
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