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Suppose production function for noodle soup at Slurping Turtle is Q =4k^1/2 L^1/2. They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20
(a) Suppose Slurping Turtle wants to produce 48 noodle soups. What is their short run optimal input combination?
(b) What is Slurping Turtle’s short run total cost function?
(c) What is Slurping Turtle’s short run variable cost function?
Which of following is equivalent to marginal propensity to consume. If incomes increased by $20,000, government purchases are fixed at $10,000, investment spending is fixed.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed a receptionist for$40,000, purchased $20,000 worth of workplace insurance, and sold jerseys for a grand total of$280,000 in revenues.
Prove that if the weak preference ranking R is transitive then the corresponding strict preference ranking P (using the definitions we gave in class; this is always understood whenever we are talking about indifference and strict preference) is also ..
If you were boarded on an airplane that had already started taxing for takeoff when the plane suddenly stopped and turned around and the passengers were told to exit immediately because the airplane had gone out of business, and they were left str..
Explain how much would the combined production of pineapples increase for the two islands due to trade. How much would the combined production of pearls increase.
Suppose a firm's inverse demand curve find the firm's optimal quantity, price also profit by using the profit also marginal profit equations.
Laptops have also become easier also cheaper to produce as latest technology has come online.
Elucidate how do the firms decide how much to charge. Use the Cyberlibrary or internet search engines to pick your own example of price discrimination.
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
During the second semester of 2009 and the first semester of 2010 the GDP growth rate became positive. However, percentage changes in the GDP growth rate were not matched by half percentage point decreases in the unemployment rate during that period...
q1. suppose a firm in each of the two markets listed below were to increase its price by 30 percent. in which pair
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