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Suppose a firm has the production function Q = K0.4L0.6. The wage rate is given by w and the rental rate of capital is given by r. Find the firm’s demand functions for K and L. Suppose the firm is currently producing Q = 100 units of output. Suppose it receives an order for 150 units of output. What will it do?
What are the elements of negligence? What kind of damages are available under a negligence claim?
In a perfectly competitive industry, the price of good A is $2. If a firm in this inudustry decides to increase its price to $2.50, it will:
Illustrate what economic cost will an owner of a family-run business or farm likely overlook when computing their "profits".
Illustrate what is the value of goods and services purchased by the government of Numidia.
Various contemporary authors have “researched backwards” very simple foods such as salt, eggs, cod, milk, etc. to demonstrate their concerns about food production, the economy, and health in the US. In other words, these analysts have looked at how f..
A corporation is considering spending $3 million for a new stamping press which will save $550,000 per year (repairs, downtime, etc.) over its 7-year life. At the end of seven years, the machine could be sold for $1.8 million. An alternative is to sp..
In the state of Florida ,data that is commonly used in health services systems. This includes census data, vital statistics data (birth, deaths, marriages, and divorces), surveillance data, administrative data, and survey research data. Which office ..
Shirley Johnson, portfolio manager, has asked you to analyze a newly acquired portfolio to determine its mean value and variability. The portfolio consists of 50 shares of Xylophone Music and 40 shares of Yankee Workshop. Compute the mean and varianc..
A consumer is deciding how many cups of coffee and how many bus tickets to purchase. The price of a bus ticket is $1.50 and the price of a cup of coffee is $2. The following table describes the total utility derived from the two goods. Calculate the ..
Suppose you want to infer expected future exchange rates in a less-developed country that has free-market-determined interest rates but does not have a forward exchange market. Is there any or way of inferring expected future exchange rates. Unde..
Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference
Suppose that the adult population is 152 million, the number of unemployed is 19 million and the labor force participation rate 63%. What is the unemployment rate?
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