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The table below presents the output and input levels:
Also assume that the per unit cost of capital is $10. Since the firm has two units of capital, the firm's total fixed cost is $20. Also assume that the cost of each unit of labor is $50.
What is the average total cost when two units of labor (L) are employed?
imagine a backyard garden of fixed size and all other inputs except labor also fixed ; will adding a worker increase your output? Will adding another increase output by as much? another?
What do you expect to happen to your sales. How would you answer parts a and b if you expected a 5 percent increase in income instead of a decrease.
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
What is the highest cost of migration that a worker is willing to incur and still make the move
limit popular influence without destroying popular sovereignty. Illustrate why the framers wanted to achieve each of these objectives and how the Constitution does so.
Two identical countries, Nation A and Nation B, can each be described by a Keynesian-cross model. MPC is .9 in each nation. How much is government purchases multiplier for each nation.
Austerity measures implemented in several European countries will mean lower level of government expenditures for these countries? For these countries, this would cause
List all of the possible outcomes under each of the strategies. What is the expected number of delivered (unbroken) eggs under eachstrategy.
What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.
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