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The cost function for gumballs is given by TC = q(2v+w), where q is the output of gumballs (in thousands), v is the hourly rental rate for gumball presses, and w is the hourly wage. What is the underlying production function and what sort of returns to scale does that production function have? Does the cost function show economies or diseconomies of scale? Show all work.
Revitalize the Housing Market
1. Using the relationships between macro variables of Inflation, Income and wage rate, technology, unemployment, and interest rates related to Comcast, develop a short-term (about one year) outlook for Comcast.
Describe in words how a corner solution to the consumer's utility maximization problem differs from a conventional solution. Illustrate this description with an appropriate indifference curve diagram. (b) Thinking of your own consumption over the ..
a study of the effect of college education on job satisfaction was conducted.nbsp a contingency table is presented
Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are “good intentions” necessary if individuals are going to engage in actions that are helpful to others? Discuss.
The currency deposit ratio, c, is 0.10. The reserve requirement is, re, is 0.08. The excess reserve ratio, e, is 0.05. What is the size of the money multiplier?
What price should do you charge if it wants to maximize its revenue from this concert? And, how much revenue will it receive?
sepracor inc. called its convertible debt in 2007. assume the following related to the transaction the 11 10000000 par
Classify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save. the effect of government regulations on auto emissions
Why is knowing (or estimating) the product demand so crucial for a firm? In your response, include an example of a U.S. business that has suffered from poorly estimating the demand of its products.
discuss the advantages and disadvantages of closed-end country funds cecfs relative to american depository receipts
Describe why a Keynesian approach to managing the macro economy might be appropriate while, at another point in time, a classical approach might be more likely to produce a superior outcome.
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