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Suppose the firm's production function is q= 2K^1/2l^1/2, the wage rate is $9/hr and the rental rate of capital is $36/hour
a. What is the firm's optimal input combination when it wants to produce 100 units of output?
b. Suppose the firm chooses this input combination. What is the firm's short run cost function?
c. What are the firm's fixed costs? What are the firm's variable costs?
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Why is depreciation of capital good a cost of society. In illustrate what ways does a person's health depreciate. Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower.
If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.
Elucidate would you suggest he buy more jeans and fewer t-shirts, or more t-shirts and fewer jeans.
Why do you think the compensation plan differ at the two firms. In particular why do you think Kaufmann s pays commission to salespeople, while Parkleigh does not.
The Circular Flow diagram is model of how the economy works. Explain how the model would change if the following events ocurred:Households increase savings.
Illustrate what is the difference among the Marxist also the Value Conflict approach to social problems
a. What is the effect on East Asia’s willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia’s good-growing seasons in food affect the equilibrium international price ratio?
Illustrate what are the major similarities also differences among the name-your-own-cost model also the electronic tendering system.
Complete this assignment by covering the implemention phase within the SDLC, Systems Analysis and Design – The Movement to Objects
What desire to purchase does not vary with time. Ignore the time value of money and compute the optimal pricing scheme of the iPhone.
Using an Edge worth Box, graph the initial allocation and draw the indifference curve for each consumer that runs through the initial allocation.
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