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A widget manufacturer has an infinitely substitutable production function of the form: q=4k+3L A.) Graph the isoquant maps for q=24, q=48, and q=60. What is the RTS along these isoquants? (B.) If the wage rate (W) is $1 and the rental rate on capital (R) is $1, what cost- minimizing combination of K and L will the manufacturer employ for the three different levels in part A? What is the manufacturers expansion path?(C) How would your answer to part (B) change if r rose to $2 with w remaining at $1?
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
The theory of public choice suggests that
Given the difficulties which the regulation of public utilities faces that would it not is better to nationalize public utilities as several European countries have done.
Suppose the tax on liquor is increased so that the tax goes from being a "medium" tax to being a "large" tax. As a result, it is likely that:
When organizations develop risk management plans, they need to consider the value of the assets being protected and the controls that are needed to mitigate the risks in a cost-effective manner.
Illustrate what was your total revenue in dollars yesterday (be sure to include your commission). Why would your profit for the day be considerably less than this total revenue.
Find the current exchange rates online and post the current exchange between the U.S. dollar and any other currency. Briefly describe what has happened over the past year between the two.
A construction firm needs a new small loader. It can be leased from the dealer for 3 years for $5500 per year including all maintenance, OR it can be purchased for $20,000. The firm expects the loader to have a salvage value of $7,000 after 7 years. ..
In July, 2013, in the economy of Sandy Island, 10,000 people were employed and 1,000 were unemployed. During August, 2012, 80 people lost their jobs and did not look for new ones, 20 people quit their jobs and retired, 150 people were hired or recall..
Using only.gov Websites report the current GDP, the current Federal deficit, the current Federal debt, the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is Oc..
Walmart has become a dominant retailer in the American marketplace, accounting for over 30 percent of the total sales of some products. Is this a good thing for consumers?
Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.
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