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Suppose a firm with a production function Q = KL (where MPL = K and MPK = L) is producing 125 units of output by using 5 workers and 25 units of capital. The wage rate (W) per worker is $10 and the rental rate per unit of capital (R) is $2. What happens to the firm's long-run average total cost if it decreases output to 45 units?
maria lives 2 periods. in period 1 she is a student in philosophy. her income is 0 and she does not pay taxes. in
Two firms face the demand equation given by P=200,000 -6(Q1 + Q2) where Q1 and Q2 are the outputs of two firms. The total cost equations for two firms are given by: TC1 = 8000Q1 and TC2 = 8000Q2.
Home's currency is the peso and trades at 1 peso per dollar. Home has external assets of $200 billion, all of which are denominated in dollars. It has external liabilities of $400 billion, 75% of which are denominated in dollars.
The CEO of Lowes wants to see if city size has any relationship to the current profit margins of the company stores.
Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20 percent to 15 percent, by how much does the real deficit change?
As an individual consumes more of a product within a given period of time, it is likely that each additional unit consumed will yield
government regulation principal regulatory mechanisms please respond to the followinga. determine which of the major
The government runs a budget surplus
What were the policy options
Choose an existing good or service from Will Bury's Price Elasticity, Incremental expenses, or Thomas Money Service Corporation scenarios, or choose an existing business with which you are familiar.
The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the stud..
1. indicate whether each of the following statements is true or false and explain why. do not simply give a corrected
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