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A firm uses labor and capital to produce output according to the production function q= 100KL, where L is the number of units of labor used and K is the number of machines. Suppose the price of capital is $120 per day and the price of labor $30 per day. What is the marginal product of labor and capital? Find the marginal rate of technical substitution. What is the slope of isocost line? Tangency condition? What is the minimum cost of producing 1000 units of output?
q1. suppose that the market labor supply and labor demand equations are given by qs 5w and qd 30 - 5w. if a minimum
What generalization can you make asd to the relationship between marginal revenue and elasticity of demand? Suppose the marginal cost of successive units of output was zero.
Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?
q.pure pool services provide weekly pool maintenance in beverly hills. dozens of firms provide this service. the
Determine whether each of the following increases, decreases, or remains unchanged in the short run: the market interest rate, the quantity of money demanded, investment spending, aggregate demand, potential output, the price level, and equilibrium r..
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Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. What is the maximum amount that she can withdraw at the end of each year?
The commercial banking industry in Canada is less competitive than the commercial banking industry in the united states
Illustrate what about burning all but one of his ships made to a utilize, powerful strategic commitment for Cortes in Mexico.
Select one market segment, and describe in one or two paragraphs what features the cell phone might have in order to be attractive to this segment.
Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast
If this is true, explain why does not just one state produce all of the orange juice for the U.S. market.
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