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Suppose the production function (PF) isQ=2 L0.4 K0.5.
a. What is the MRTS for this PF. b. Does the PF exhibit increasing, decreasing, or constant returns to scale? Why? c. SupposeK=25. What is theMPL??
Based on this, what is the point elasticity of demand (in absolute value) when the price is 10?
Discuss any recent purchases you have made and for which you feel that a similar rationale seemed to be at work.
What is Corporate Social Responsibility. If market forces do not encourage responsibility for social causes, should a firm engage in this behavior.
i draw the budget line and the relevant indifference curve for a consumer who is initially a borrower. indicate the
What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010: Ethiopia, Mexico, India, and Japan?
"Consumer surplus" represents the difference between what a consumer is willing to pay for a good or service and the price that they actually pay. What would be the various consequences of this tax on both consumption as well as production?
Briefly describe the four skills involved in engaging others in the change process. Examine how these skills affect the delivery and impact of a leader's message during the change process.
Calculate by applying the formulas, expected value of sales in the area, its standard deviation and upper and lower bounds within 95% of confidence interval.
A self-employed individual contributes $5,000 annually for 30 years into an Individual Retirement Account (IRA). At the end of 30 years the account balance is $230,000. Assuming monthly compounding, determine the interest rate that the IRA paid out..
Is it possible to collect new tax revenue, and at the same time guarantee that the poor individual will not be made worse-off by the new carbon tax? Be specific, and make sure you calculate the final tax revenue. Assume the government is able to o..
What sorts of provisions might a contract include to handle days when it rains and the bees cannot be released?
consider the following utility function uxy min 3x xy 2y. sketch the indifference curves and show where the corners
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