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Question: Consider the following table showing two possible production technologies that can be used to produce a clothing line. If the cost of workers s is $ 110 per worker per day, and the cost of machines is $ 150 per machine per day, what is the number of machines that minimizes the firm's cost of production?
Investment in inventories will increase by 10 million. c) On the expenditure side computation of GDP: Imports will increase by 10 million
Explain hyperinflation or runaway inflation. Provide one historical example of hyperinflation. How do you think it was caused?
Explain why the marginal rate of technical substitution is likely to diminish as more and more labor is substituted for capital.
There are two related variables, noise (equals either quiet or loud) and intoxication (equals drunk or sober). P(drunk)=.25, P(loud)=.4. You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P..
Extended Learning Exercise. Bad news: You have just wrecked your car! You need another car immediately because you have decided that walking, riding a bike.
1.) What are the major changes taking place in small and medium-sized business financing?
Explain the ways in which infrastructure bonds and Transit Oriented Development (TOD) provide an economic and financial contribution to property and planning
Explain how relative factor abundance can determine the nature of trade flows between countries. University of London. ECON 200.
Identify the causal claim that is being addressed in the article and provide a drawing (i.e. a concept map) to represent the causal claim.
Presume you can go to the gym for up to six hours in a day in finely divisible units and you paid a $50 non-refundable registration fee when you joined the gym last year. There is also a daily $1 fee which should be paid to enter the gym on any given..
How are Shortages allocated? Briefly explain each point. How are Surpluses dealt with? Distinguish between a normal good and an inferior good.
What kind of unemployment is happening in the US? What could the government do or what should happen to remedy the current unemployment rise?"
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