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Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then:
1.) What is the average variable cost?
2.) What is the marginal cost?
Find out the equilibrium level of GDP. Next Find out the multiplier for government purchases also fixed taxes.
How will an increase in the savings rate affect the growth rate of per capita output in an endogenous growth model?
By defining its business as printing books instead of empowering imaginations, a children's book publishing company would more than likely experience.
A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Illustrate where y is the amount of output the short-run..
elucidate how the proposed carbon tax for australia would help reduce negative externalities, pollution levels in australia.
Calculate firm 1's profit-maximizing output and profits in the absence of potential competition and calculate the output and profits of both firms in case firm 1 accommodates entry.
The production possibilities curves above show all the possible combinations of helicopters and scooters that two towns, Millerville and Jamestown, can create using equal amounts of resources.
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
Sketch a supply-demand diagram of the US Treasury bond market to illustrate the effects on it of the developments cited in part A. Label your diagram clearly.
The rate of annual deflation as applied to each box of kitchen gadgets over the remaining four-year period below which your venture will become unprofitable. Explain how you determined the rate
CER defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer.
Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
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