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Problem: Sulian runs a moving company. Her production function for moving services is f\left(x1,x2\right)=40\sqrt{x1x2} x1 x2 where x1 is the amount of labour and x2 is the number of trucks she needs. What are the Marginal Product functions of x1 and x2 for this production function?
Draw a graph of typical indifference curves, budget constraints, the optimal choice of a typical subscriber under the current fixed-rate policy and the new two.
Relationship between the marginal product of an input and its real price, to calculate the amount of labor and the amount of capital hired in this economy.
Consider the market structure of the electronic business in Bangladesh, what type of market structure can this be characterized as?
Questions: (a) What is the price of equilibrium, AVC and AC? ; (b) Draw the curve, and explain the decision about the company in the long run.
How does monetary and fiscal policy combat Inflation or recession? What is US current monetary and fiscal policy in 2020?
Suppose all iPod owners consider only two options for downloading music to their MP3 players: purchase songs from iTunes or copy songs from friends' CDs. With these two options, suppose the weekly inverse market demand for the Rolling Stones' song..
a) What is the real value of output (Q)? Now assume that the Fed increases the money supply by 10% and velocity remains unchanged. b) If the price level remains constant, how much will real output increase?
1. A student has a budget of $200 for their meals outside of the home per week. One possibility is purchasing a meal at a restaurant, which we will call x1, and which costs $20, and a second possibility is purchasing a meal at the school cafeteria, ..
Skip's Seal coating Service increased its total monthly revenue from $12,000 to $13,500 when it raised the price of driveway repairs from $600 to $750. The price elasticity of demand for Skip's Seal coating Service is
Will overtime premiums affect direct labor variances? If so, which ones? Should the performance of a division be deemed less than satisfactory if all of its variances are "unfavorable"? Explain.
In the United States, what has been the trend in health care spending as a percentage of GDP? Compare the increases in health care spending per person in the United States with the increases in health care spending per person in other high-income ..
What is the equilibrium in the intermediate run, where in the intermediate run firms cannot enter or leave the industry but can change their levels of kapitose and legume utilization.
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