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The equation and scenario is in the file
A.) What would be her marginal rate of technical substitution between the inputs in her production of food? What about in her production of "everythingelse"?
B.) If she wants to divide the L input 50/50 across the two activities, then what's the best way to divide the J input? Explain how you know.
Maria is training for a triathlon, a timed race that combines swimming, running and biking. Because her pool sessions are helping her swim more quickly, Maria plans to reduce by one hour per week the time she spends training on the bike and increase ..
assuming that all other factors remain unchanged determine how a firms breakeven point is affected by each of the
a purely competitive firm finds that the market price for its product is 25.00. it has a fixed cost of 100.00 and a
What model of profit maximization is applicable to the activities of a multinational company? Explain How “perfectly” competitive do you think are the following markets: 1) stock market, 2) bond market, 3) foreign exchange market, 4) world sugar mar..
What would the Consumer Surplus, Producer Surplus, and Total Surplus be for the quantity demanded =1000-P and the quantity supplied =3P-120?
Write a paper that uses game theory to to set up a game designed to help a consumer decide whether to buy life insurance or not. To keep the game relatively simple, assume the life insurance being considered is term life, i.e. insurance witho..
Suppose that there is a bond that will pay $500 for each of the next three years (the first payment is one year from now). At the end of three years the bond matures and the holder receives the $10,000 face value of the bond. If the market ra..
Economists in the ministry of agriculture in kwale count
What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..
consider the following game there are 5 pirates on a boat conveniently named p1 p2 p3 p4 and p5. these 5 pirates have
Suppose the equilibrium price in the market is $10 and the price elasticity of demand for the linear demand function at the market equilibrium is 1.25. Then we know that a demand is inelastic.
After Iraq invaded Kuwait gasoline prices rose dramatically – up to 50%. These were many effects of the increased price of gasoline.
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