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Suppose you are given the following Total Product Function: ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function.
Suppose K = 1,000; L = 200 workers; and M = value of all materials use at 450.
1) Find the Marginal products of capital, labor, and materials (individually).
What is the outcome of the case and whether you agree with the final decision and why?
you agree with the argument which the copyright owners of the materials mentioned should not be paid a fee if their material is on YouTube.
How is elasticity related to revenue. How is diminishing marginal returns related to cost. How are revenues and costs related to profit.
Suppose a firm purchases labor in a competitive domestic labor market and sells its product in a competitive international product market that covers the whole world. Domestic producers represent a small portion of the world market and have no influe..
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
Read the opening case on Boeing 787s, and research for the updated information on the Boeing 787s. Identify the pros and cons of assembling a plane with many different parts and manufacturers as Boeing did with the 787. Assess whether Boeing’s approa..
Draw the Edge worth Box diagram for this economy also Explicate whether the initial allocation of cheese also bread is Pareto efficient.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
Explain how could ABC use interest rate swaps to reduce the exposure of its cost of debt to interest rate movements.
q1. a consumer has 400 to spend on goods x and y. the market prices of these two goods are px 10 and py 40. what is
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