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The short-run production function of a profit maximizer firm is given by f(L) = 6L^2/3 , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. (i) How many units of labor will the firm hire? (ii) How much output will the firm produce? (iii) If the firm has no other costs, how much will its total profits be?
4-10calc A U.S. auto maker plans to build two more plants in China as it aims to harness continued growth in Asia. The company estimates that it must make annual investments of $40 thousand over a 15-year period. How much would the company have to in..
you recently joined magna enterprise a commercial real estate developer and have been given a position working directly
The real question is how we solve this problem in modern society which is the actual cause of this isolation in individuals? What is the Latest proto type’s care is needed to challenge the existing prototype, which frequently eliminates remote caregi..
Provide healthcare examples of the following market failure:
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
According to tournament theory: Pay gaps between job positions get larger at successively higher levels in the organizational hierarchy. High executive pay is due to moral hazard. People seeking the CEO’s job compete to acquire the right signal about..
A student investment club, The Millionaires Club, is considering purchase of a security for the club. The current earnings per share is $.75 and is expected to increase by $.05 each year into the future. If 30-year government bonds are paying 4.6%, w..
?The depreciation of currency will: Which of the following topics is best characterized as a macroeconomic issue?
There are only 2 firms in a market facing same demand curve as follows: The marginal cost of each firm are, respectively, Find the profit maximization level of output for both firms. Which firm is more vulnerable in case of aggressive price war betwe..
if they use a regulation should they allow for pollution permits? explain the benefits and detriments of each form of control. what would you recommend?
Icahn Tackel just signed an $11.5 million, four year contract with an NFL team. He received a signing bonus of $2 million; $1.5 million at the end of year one; $3 million at the end of year two; $3.5 million at the end of year three; and 1.5 million ..
Explain why the following are examples of monopolistic competition. There are number of fast food restaurant in town and they compete fiercely. some restauratheir hamburgeropen flames others fry their hamburgin addition some serve boiled fish sandwic..
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