Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are an efficiency expert hired by a firm in the clothing industry that uses machines (K) and workers (L) as inputs. The firm has estimated that the marginal product of labor is MPL = 120 - 6 L, while the marginal product of capital is MPK = 50 - 5 K. The firm is currently using 16 units of L and 7 units of K. If w = $20, r = $15 then..
1. The firm is profit maximizing but not cost minimizing
2. The firm is minimizing the cost of producing the given quantity of output.
3. The firm must use less K and more L to minimize the cost of producing the given quantity of output
4. The firm must use less L and more K to minimize the cost of producing the given quantity of output.
Describe the major characteristics of monopolistic competition and oligopoly.
france can gain specialization and trade as it recieves more than __________( 7lbs,1lb,4lbs,1/4lb,1/7lb)of fish per each bottle of wine it exports to austrailia.similarly australia can gain from trade as long as it recieves more then _______(4 blo..
A customer consumes two normal goods, chocolate and coffee. The price of coffee rises. The income effect, by itself, suggests that the customer will consume
How does the charging the monoply a specific tax per unit affect the monopoly optmum
Using the following equations Qs = 13,000P and Qd = 48,000-6,000P. Plot supply and demand curves (require a graph). Determine the equilibrium price?
profit maximization in short-runa jeans manufacturer hires workers to sew jeans in its factory and derives the
What are the basic objectives of monetary policy?
Our future and our children's. Frank Ackerman
question 1. harveys muffler offers a full refund to anyone who is not satisfied with the replacement of mufflers. the
The introduction of a union into a monophony labour market will cause employment in this market to. Unions might attempt to increase the demand for union workers by. Economic theory predicts that the cost of general training will be. The introduction..
at a recent meeting the president and the ceo of production inc. got into a heated argument about whether or not to
Distinguish between collusive and non-collusive oligopoly. Explain the following features of oligopoly.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd