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A firm’s production function is given by: f(L,k) = L^1/2 , where L is the only input into production and it is variable in both the short and long run. Draw the long-run conditional labor demand in (L,Q) space (in other words, with L on the x-axis)
what conditions must exist in order for a pure monopolist to achieve economic profits? is the profitability of a firms
Mention five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?
The availability of jobs at higher real wages motivates many people to migrate—legally or illegally—to the United States. Other things being equal, what impact would a large influx of immigrants have on real wages? What impact would it have on real w..
What is the average fixed cost of producing 2 units of output based on the following table:
The sum of coefficient are 0 using STATA program?
a critical analysis of the microeconomic and macroeconomic environment and challenges that the company faces. Include the company background, industry, and industry structure. What is the industry Financial Computer What is the industry structu..
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
identify whether each of the following raises labor demand or lowers labor supply includes slowing labor supply growth
What population would you choose your sample from? Can that method alone give you a value that accounts for all the impacts of the disaster?
Computing an allocation for a planned socialist economy is prone to great computational difficulties.
Discuss the value of foreign stocks in an investment portfolio. Do you want them? If so, which ones? Do you diversify the classes as you would domestic stock?
A museum increases its admission price by 10 percent. As a result, total revenues increase by 10 percent. the price elasticity of demand for admission is?
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