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Given the following Production function: Qp = 100 K-0.5 L12.3 L20.35 Lfor a company whose output is developed by a firm with one capital (K) and two types of labor inputs. Derived the elasticities for each input and interpret your results.
Research Classical and Keynesian economic ideas. Discuss the following: How do Classical and Keynesian economists differ in their view of the aggregate supply curve? How does this influence what Classical and Keynesian economists believe about fiscal..
Find the effective annual interest rate (b) Use your result in (a) to find the value of the investment immediately after the 10th investment (use the algebraic form of any interest factors used).
According to Phillip’s curve theory, what happens in the long run if there is no government or fed intervention for an inflationary gap? How do expectations of inflation change and how is this illustrated using the Phillip’s curve graph?
Assume blonds earn $3 less per hour than brunettes and a firm employs 300 workers. There are 8 working hours in a day. If this firm refuses to hire blonds because of discrimination, how much profit will it gain/lose in a day? (Assume blonds and brune..
The country of Trenton does not trade with any other country. Its GDP is $925. Its government purchases $126 worth of goods and services each year, collects $171 in taxes, and provides $49 in transfer payments to households. Private saving in Trenton..
Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.
Q = 12S1/2P-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q. Using fact that MR = P(1+1/..
Explain how Airbus and Boeing develop their 20 year forecasts. Explain how they differ and how they might be similar. Next, identify factors that affect supply and demand for air transportation. Then choose a world region and discuss forecast for gro..
Explain advantages and disadvantages of investing in real estate. Do tax laws seem to favor certain types of investments?
Explain how an economy with a shortterm equilibrium below the longterm equilibrium will adjust to bring the two into alignment. Explain how an economy with a shortterm equilibrium above the longterm equilibrium will adjust to bring the two into a..
For rice production, why might labor productivity among workers in some southeast Asian countries be lower than labor productivity in Arkansas (Note: Arkansas exports the 4th largest amount of rice in the world).
Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions.
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