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Suppose the hourly wage rate is $29, the rental price of capital is $5 and the price of output is constant at $47 per unit. Firm's production technology is q = 4K0.25E0.75, the marginal product of employment is MPE =3K0.25E-0.25 and the marginal product of capital is MPK = K-0.75E0.75. What is firm's optimal demand of labor if firm plans to produce q=10 units of outputs in the long-run? (please keep 1 decimal place in your answer)
What is the result of a price ceiling? And why do some consumers tend to favor price ceilings and others tend to oppose it?
Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.
How does maximizing the value of the corporation differ from maximizing shareholder interests?
What challenges and opportunities could arise from higher and lower degrees of government intervention?
1. Explain Monetarism. 2. What is the Taylor Rule and why is it important to this field of study?
What is the method that is used by the RMI client to connect to remote RMI servers?
Diseconomies of scale exist whenever long-run average costs:
Show graphically how the AS and AD graphs help to determine the equilibrium in the economy and then show how an increase in government expenditure will change the equilibrium in the economy. Do it in two stages. First show how the graph changes with ..
Research the type of backup strategy that your organization has for their data systems. Summarize your findings. Do you agree with the strategy that your organization is using? Why or why not. (a minimum of 450 words)
If the interest rate is 6% per year compounded quarterly, how long (number of quarters) does it take earn $100 interest on an initial deposit of $300? Downtown is experiencing an explosive population growth of 18% annually. At the end 2002, the popul..
If w seats are allocated to wolverton supporters, each can be sold for 20- (w/2000) and if m seats are allocated to manteca supporters
Give an example of an opportunity cost someone might make. What is the benefit, profit, or value of choosing this opportunity cost might be for this person.
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