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The production function has the following form q= K + 2L where q is output, K is capital input and L is labor input. If the prices of inputs are w=5 and v=2 what is the cost minimizing (or efficient) combination of inputs to produce 6 units of output?
The defender's economic life can be found if certain estimates about the defender can be made. Assuming those estimates prove to be exactly correct
if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain. the interest income that could have been earned on money invested in a college education is not relevant..
Explain how do acts of intellectual piracy hurt American companies.
What is the purpose of criminal law? Explain how crimes are classified? Give two examples of white-collar crime. What do you believe the punishment should be for this crime?
Assuming that factor markets are otherwise free and competitive, explain why the higher real wage would fail to increase the share of labor income in national income.
Your answer should be in the form of an essay. The essay should be well organized, that is, it has an introduction), body and conclusion The introduction should
Define cause marketing in the context of a nonprofit organization's earned income strategy. What are advantages and disadvantages of this earned income
What general observations can you make comparing this forecasted demand to past services demand history - Forecast (predict) the companies demand
Consider two possible tax schemes on natural resources. One levies fixed fee per production amount (for example, per barrel for oil and per tones for iron ore)
What is the point forecast of sales in the next time period? What is the 95% forecast interval for the next period’s sales figure? (use z = 1.96)
How did the middle class typically rise to the high?
How much output is lost as a result of deaths from secondhand smoke, according to the news.
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