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A profit maximizing firm has a production function such that: Y=K2L2 a) If P=10,rk=2,andWL=3 , what would be its optimum be? How can you show that it is a maximum? b) How
Informal groups exist in almost every kind of organization. Answer the following questions and provide examples to support your position: • What types of informal groups do you
I am trying to figure out how to calculate the eqilibrium level of income and the multiplier
discuss the action the procurement function should take to achieve raw materials at economic cost durin inflation
Evaluate the impact of an aging population on state and local government expenditures. Suggest strategies that government should take in dealing with this situation. Justify your r
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The aggregate production function Definition Imagine the national economy during a short period of time (say one week). We refer: L: total amount of work used duri
We have been looking at just the Additional Marginal Opportunity Costs of our choices. What about the total cost? For example, we see and hear ads all the time about different cell
how to make project
factors affecting national income
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