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A cost minimizing firm's production function is given by q=lk, where MPl=k and mpk=l. the price of labor services is w and the price of capital services is r. suppose you know that when w=$4 and r=$2, the firms total cost is $160. you are told that when input prices change such as wage rate is 8 times the rental rate, the firm adjusts its input combination but leaves total output unchanged. what would the cost minimization input combination be after the price changes?
What effect is the diet likely to have on housing prices in Ulster County
The market for health insurance and the market for health care are two market which are plagued with two source of market failure. This discussion will help you explain the difference in these markets.
by outsourcing overseas a company can reduce costs but must also take certain risks. global supply chains are exposed
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2. The following equations describe the production function and the marginal product of labor in each orchard:
q1suppose you have three indivisible assets a b and c with internal rates of return 2 5 and 10 respectively and initial
can country A change the outcome of the game by burning the bridge they are crossing to invade and committing its troops to fight? expand the game tree to show this option for county A and find the new Nash equilibrium. Explain
Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?
the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..
A percentage of chronic heart conditions
Discuss how government regulation is either constraining or enabling viable business operations in any company. Apply practical examples to illustrate.
describe john maynard keynes contribution to the theories of macroeconomics. why was he such an important economist?
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2. the following
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