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Suppose that a firm’s production function is given by Q = KL + K. At point A, the firm uses K= 3 units of capital and L = 5 units of labor. At point B, along the same isoquant, the firm would only use 1 unit of capital.
Calculate how much labor is required at point B.
Three students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs: Insurance $2,600; Equipment Rental Fees $1,000; Fuel and Supplies $4 per lawn serviced and Miscellaneo..
q. what is the value of a piece of land? consider the following scenarios.1 suppose that you own a farm run by tenants.
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
q1. in july 2012 u.s. gasoline had a nominal price of 3.49 and in july of 1992 it was 1.14.determine the real price of
Explain how each of the following changes the money supply of the local economy. Discuss two limitations of the consumer price index (CPI) as a measure of the cost of living.
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
An MRI machine in a MD's office is MARCS 5-year property. It costs $258,679 and has an expectes useful life of 6 years, at which point, the salvage value is expected to be $2,753. Assuming MACRS depreciation, what is the book value at the end of 6 ye..
Elucidate what percentage of the variation in salary is explained by this model. Describe the point estimate of salary for a teacher with 20 years of experience.
Should Roscoe's Rascals match the price offered by the competitor.
The National Safety Council (NSC) estimates that off-the-job accidents cost U.S. businesses almost $200 billion annually in lost productivity (National Safety Council, March 2006). Based on NSC estimates, companies with 50 employees are expected to a..
q1. susie purchased a non-refundable ticket to a soccer match for 20. it will cost her 10 worth of gas and wear and
Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?
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