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If output is produced according to Q = 5Lk (L is the quantity of labor and k is the quantity of capital), the price of K is $12, and the price of L is $6, then the cost minimizing combination of K and L capable of producing 4,000 units of output is
A. L = 25 and k = 32.
B. L = 30 and k = 26.67.
C. L = 10 and k = 80.
D. L = 20 and k = 40.
E. L = 40 and k = 20.
is the current monetary policy expansionary or contractionary? give your reasons for your answer.why has the federal
After completing a complex programming project, Melanie is laid off. Her prospects for a new job requiring similar skills are good, and she has signed up with a programmer placement service. She has turned down offers for low-paying jobs.
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output.
On Tuesday nights, a local restaurant has a kid's meal special. Nina's son, Braden likes the restaurant's chicken nuggets, but Braden seems to be growing bigger every day and the kid's meal is usually not enough. The restaurant does allow for addi..
A college football coach says that given any two linemen X and Y, he always prefers the one who is bigger and faster. Is this preference relation transitive? Is it complete? Explain your reasoning.
Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year then compute the optimal pricing scheme of the iPhone.
Three factors make analysts more optimistic: Companies are cutting production, weekly egg-set numbers are declining (egg sets are fertile eggs placed in incubators), and prices are responding positively to the decreasing supply. The ..
In addition, pi* is the central bank's target level of inflation , and b is some positive parameter. This rule states that the central bank raises the real interest rate above its long-run level when inflation is above its target and lower when it..
industry a has market shares of 50 30 and 20. industry b has market shares of 45 40 and 15. hint hhi ? si2 where si
The file , an Excel file on the ECON217 website, contains the data you need. Before beginning your analysis, you graph of the data, and decide that there is an increasing trend in the consumption of pork over the relevant time period. The model y..
Alexander is involved in a dispute related to his business. Alexander is considering legal action. Why may it be financially advantageous to alexander's business to avoid litigation and mediate the case
Elucidate the mechanisms through which improvements in population health can lead to improvements in income levels.
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