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The production function for a product is given by Q = 10KL , where K is the quantity of capital and L is the quantity of labour. If the price of capital input is $120 per day and the price of labour is $30 per day, what is the minimum cost of producing 1000 units of output?
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.
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
Be thorough when discussing the following questions about e-business and entrepreneurial functions.Why is there a trend toward cross-functional integrated enterprise systems in business?
The article utilize this kind of calculation to show the difference among labor productivity growth.
what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually
Illustrate what is the optimal production quantity measured in thousands of bushels of Texas Citrus Company in the short run.
Define the terms listed below. You should write a paragraph explaining each concept as if you were writing for your 15-year-old sibling (or a high school textbook). Fiscal Policy, The Multiplier Effect, Full Employment, Automatic Stabilizers
What requires the highest sales volume to earn a profit. Would it be better to have fewer airline companies and more full planes.
the firm will earn $15,000 if it introduces the new product, and revamping the production facilities will earn new profits of $60,000. What should the manager do.
Given what you know about the likely effects of climate change, how are people in different countries likely to value efforts to reduce the rate of global warming?
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
Think about an advertisement (in any medium) that had either a strongly positive or strongly negative effect on your attitude toward the product being advertised or the advertiser itself. Why did the ad have this effect? If you responded positively t..
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