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Assume that a firm employs labor and capital by paying $40 per unit of labor employed and $200 per hour to rent a unit of capital. Given that the production function is given by: Q= 10L - L^2 +60K -1.5K^2, where Q is total output, L is labor an K is capital , What is the firm's optimal combination of capital and labor?
After that illustrate what is that firm as marginal revenue as it increases output from 1700 units to 2300 units
If a country's growth is biased in favor of its import, this should unequivocally improve its terms of trade also its economic welfare. Use a graph to explain why
Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?
Elucidate how a bartender would know that the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.
The anticipated capacity factor is 70 percent also the price for selling power will not escalate. The operational life of the plant is 40 years also the salvage value negligible.
How to get o/p of SEQ SS in SPSS. When we want to know sequential value which accumulate R square.
Elucidate the balance sheet balances if these are the only assets and liabilities. Supposing that the people hold no currency, what happens to each of these values.
Each year a sample of applications is taken to see whether the examination scores are at the same level as in previous years. Illustrate what is your conclusion based on this value.
Assume you are looking at data for an economy that uses only two inputs, physical capital and labour. Table shows output for different combinations of labour and capital.
One day you arrive to discover that the coffee shop has changed its name to Five bucks and is now charging $5 per cup.
explain briefly about what kind of supply and demand elasticities for gasoline must be present in the U.S. market.
The bureaucratic form of government is so prevalent in public agencies and tends to result in a slower paced, less consumer oriented management
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