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Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use
three times more capital than labor.
none of the answers are correct.
more capital and less labor.
a software producer has fixed costs of 120000 per month and her total variable costs tvc as a function of output q are
pollution is considered by most a negative externality. some economists would like to see the costs of these burdens
Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each
Write your paper in the style of an academic journal article. The in-class readings, as well as articles published in The Rand Journal,
part-1nbspwhat is the official poverty line?nbspis the number of people higher or lower than it was last year? ten
Calculate the maximum amount of revenue that the government can raise using a per-unit sales tax on consumers?
for the project i choose merck it is a pharmaceutical field here is the introduction of it ltbrgt ltbrgtmerck
Suppose that Jill spends all her allowance on only two goods whose prices are equal. To maximize utility Jill will Which of the following is true of a monopolistically competitive firm in the long-run equilibrium? Which of the following is most proba..
Greg wants to have $50 000 in five years. The bank is offering five-year investment certificates that pay 8 percent nominal interest, compounded quarterly. How much money must he invest in the certificates to reach his goal?
What would the number of paying patients and federally funded seniors be if the federal funding agency raised its rate to $120 per treatment?
questionplease note that this question requires substantial research. a summary from the text book is not sufficient.
Identify as the need for organisations to develop their services offerings and discuss how organisations design and build services to attract new and existing customers to buy their services.
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