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Suppose a producers production function is f(x1x2)=5x1x2 The price of x1 is 20 and the price price of x2 is 80 The firm wants to produce 80 units What is the least costly way for the firm to produce 80 units?
A copper mining operation discharges waste products into a river and causes higher costs and discomfort to downstream users of the water.
an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the on..
Discuss the direction of change in price, quantity, and average total cost that you expect. Then check your answer by calculating price, quantity, and profit. You can refer back to graphical problems you solved in this news analysis to observe the..
Considering the correlation of a company to the economy which would you chose: A company positively, negatively, or not correlated?
What are the current implications of high energy costs in the information sector and what is the potential significance of using cloud computing technologies to lower energy consumption?
Global Organizations
Two employees will be hired at $10.00/hour/employee (including overhead and benefits). Each employee will work an average of 170 hours per month. The average revenue per customer is estimated at $7.00. The variable cost of serving each customer is..
What subsidy is necessary to induce the monopolist to produce the socially optimal level of output?
Thomas Malthus’s gloomy predictions for the future of humanity led ‘economies’ to be called a ‘dismal science’. Show either through the mathematics of production functions or intuitively.
chistorically shifts towards a more expansionary monetary policy have often been associated with increases in real output. can an expansion in the money supply increase real output and employment
Explain the effects of the new factory on the items below. Then place the number of each item on the circular-flow diagram to show whether the activity takes place in the product market or resource market
What three things must equal price in a long run competitive equilibrium What adjustments occur if any of these doesn't hold How are each of these things brought into balance with price
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