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Suppose that the price per unit of input A is 8 euros and the price per unit of input B is 5 euros. What is the minimum cost of producing 100 units of output Y for the firm if the firm’s production function is Y = 4A + B/5
A no production economy has 2 consumers (A and B) who each consume two different goods (x and y). Person A is endowed with (120,270) and has a utility function Ua(Xa,Ya)=X^(2/3)Y^(1/3). The initial endowment, the IC that go through the initial endowm..
The U.S. Department of Commerce has estimated that if U.S. manufacturers use metric measures, their increased ability to compete on world markets should increase by about $600 million and thus benefit the U.S. economy by between $1.2 billion and $1.8..
A textile firm in Argentina proposes you an investment for a period of 5 years. The initial investment is 100,000, the expenses for the first year are $10,000 (then-current) and will increase (due to usage of equipment) at rate of 10% per year. calc..
Suppose the short-run Phillips Curve shifts from SRPC1 to SRPC3. At a 5% inflation rate, will the unemployment rate increase or decrease? By how much?
Pat eats eggs and toast for breakfast and insists on having three pieces of toast for every two eggs he eats. Derive his utility function. If the price of eggs increases but we compensate Pat to make him just as "happy" as he was before the price cha..
What is this firm’s marginal cost function? Over what range of output are the firm’s marginal costs decreasing? Increasing?
Financial statements are an important product of the accounting process. Provide an example of an external user. How could he or she be harmed by fraudulent and unethical financial statements?
The manager of Green Chemical Co. has been informed that this year’s production target Q for organic fertilizer (in millions of tonnes) is 20. The manager is asked to allocate the production across the company’s two plants. How should the manager all..
Businesses have to make many financial decisions that have a direct impact on operations and the ability to successfully compete in the marketplace.
What is Freedom? How Can we be free? Carefully explain what the concept of freedom is according to each thinker (If a thinker has more than one conception of freedom be sure to explain each conception). Then explain each thinkers theory of how we can..
Consider a coupon bond that has a par value of $1,200 and a coupon rate of 5 %. The bond is currently selling for $1,200.00 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? What is the Yield to Maturity?
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
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