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A firm has a production function defined as y = 40L^(1/10)K^(7/10). The firm faces costs of $10 wages, and $100 rental rate of capital. Find the cost function, and average total cost, average variable cost, and marginal cost functions. A firm has a production function defined as y = 8L^(1/4)K^(3/4) . The firm faces costs of $20 wage, $60 rental rate of capital, $2 per unit produced, and a $42 fixed cost. Find the cost function, and average total cost, average variable cost, and marginal cost functions.
suppose that ge is trying to prevent maytag from entering the market for high efficiency clothes dryers. even though
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list the factors that might influence a countrys exports imports and trade balance. suppose that bill a resident of the
In the final round of a TV game show, contestants have a chance to increase their current winnings of 1 million dollars to 10 million dollars. If they are wrong, their prize is decreased to $100,000. To win, they have to guess the exact percentage th..
assume that canada imports 1 million pairs of shoes from china and none from mexico. a 50 tariff is added by canada so
Explain which of the four characteristics is primarily responsible for the fact that the demand curve of a perfectly competitive firm is horizontal? What is elasticity?
suppose two competitors coa inc. and han inc. are locked in a bitter pricing struggle in the aluminum industry. in
The handgun sells in a specialized market, so we'll assume there are sufficient buyers and sellers so that the supply curve and demand curve are smooth, straight lines. The vertical intercept for the demand curve is at 560 and the vertical intercept ..
welform reform1. what happens to the number of people on welfare since 1994? what explains the change over
A requirement to have a yearly balanced federal budget would mean: Unsaved Economists view investment spending as which of the following:
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
There is a debate about whether sterile hypodermic needles should be passed out free of charge in cities with high drug use. Proponents argue that doing so will reduce the incidence of diseases, such as HIV/AIDS, that are often spread by needle shari..
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