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An independent trucker has to choose one of the four possible combinations of inputs listed below. The two inputs are drivers and machinery. If he buys expensive machinery, then he can hire fewer drivers to deliver the same output. The input combinations are Method 1: 20 drivers, 10 machines; Method 2: 50 drivers, 2 machines; Method 3: 100 drivers, 0 machines; Method 4: 10 drivers, 12 machines. Hiring a driver costs $10. Each machine costs $100. Which method should he use? A. Method 1 B. Method 2 C. Method 3 D. Method 4
Using the Solow growth model with no technology growth and no population growth, write the fundamental equation of capital accumulation per capita and plot the time series for capital per capita, output per capita and consumption per capita when ther..
Carry out a research of RUSSIA's economy. minimum areas to discuss includes: the GDP, GDP by Sector, GDP per capita, employment by sector, major industries, unemployment, labor force by age, education, literacy rates, infrastructure, technology, war,..
In addition to other factors, the increased use of technology and the reduced costs of information transfer from local office to corporate headquarters has: The lateral decision-right assignment is carried out on the basis of:
Capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed.
Providing handouts to the audience before a presentation is not advisable because
You make monthly deposits of $300 into an account that pays 3% per year. How much larger would the balance be after 4 years if interest is compounded continuously compared to monthly? Express your answer in $ to the nearest $0.10.
A good stock-based mutual fund should earn at least10% per year over a long period of time. Consider the case of Barney and Lynn, who were overheard gloating about how well they had done with their mutual fund investment. We turned a $10000 investmen..
From the e-Activity, determine the environmental variable most likely to affect the short-run production over the next 12 months. Determine what managers can do to prepare for the possible change in short-run production.
Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f Find the Stackelberg equilibrium and compare it to the Cournot equilibrium. 6. Demand and costs are as given in the preceding question. (a..
Define national income as total income of all capitalists in a country plus total income of all workers (including immigrant workers) in the same country. Per capita income is defined as national income as defined above divided by all people in the c..
Comparing quarters 1 and 2, at the production level set in these quarters, which plant size is more efficient in terms of labor productivity?
About one out of every ten dollars of federal government spending goes toward interest on the national debt. The most important source of local tax revenue is income tax. The most important source of state tax revenue is the sales tax.
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