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What is the per worker production function for Y = K^1/3 x L^2/3? The answer should be in per worker form without the labor variable still there.
UPS offers overnight package deliver to canadian business customers .UPS has recently decided to expand its facilities to better satisfy current and projected demand. current volume total 2 million packages per week at price of $ 12 each ,and average..
Some people (e.g Hayek) argue that decentralization of economic decisions in the economy lead to an efficient resource allocation.
The president of a small industry has been complaining to the controller about raising labor also material costs.
Oil prices are highly sensitive to global events, such as hurricanes, terrorist acts and foreign conflicts. One way to stabilize the price of energy is for our country to become independent of foreign supplies. However, exploring for natural gas and ..
What are the three functions of money? In your own words, explain why money is needed in a modern economy. Why would it be very difficult to get by without money?
Pick an entertainer or well know celebrity (sports – Music – Movies). Find out their income and net worth. Pick a fortune 1000 company executive of a manufacturing firm. Contrast their incomes and net worth and contribution to GDP, exports, employmen..
The following are examples of benefits except: To convert inflated dollars into constant-value dollars, it is necessary to take inflated dollars and: Which is NOT true about Public Sector projects?
The Acme bag company manufactures and sells bags using paper and labor. Currently workers are paid $6 per hour and paper costs $20 per ton. Acme’s current total costs of production are $200,000 per day. Write an equation for, and illustrate on a gra..
Courtney's preference for consumption and leisure is given by U (C,L) = (C-200)(L-80) so her marginal utility of leisure MU L= (C- 200)
If extension of provisions is made to final goods but not to intermediate goods, what would this do to effective rate of protection (ERP) for country provided by its tariff schedule.
Holding everything else constant, if interest rates increase:
Damage to the parked car was $5,400, and damage to the store was $12,650. What amount will the insurance company pay for the damages. What amount will Kurt have to pay?
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