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A firm can use three different production technologies, with capital and labor requirements at each level of output as follows:
TECH. 1 TECH. 2 TECH.3Daily Output K L K L K L 100 3 7 = 10 4 5 = 9 5 4 = 9150 3 10 = 13 4 7 = 11 5 5 = 10200 4 11 = 15 5 8 = 13 6 6 = 12250 5 13 = 18 6 10 = 16 7 8 = 15a. Suppose the firm is operating in high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For each level of output, which technology is cheapest?b. Now suppose the firm is operating in a low-wage country, where capital cost is $100 per unit per day but labor cost is only $40 per unit per day. For each level of output, which technology is cheapest?c. Suppose the firm move from a high-wage to a low-wage country but its level of output remains constant at 200 units per day. How will its total employment change?
Regarding hospital regulation, the models of hospital behavior developed. predict that the effects of DRG payments on hospital behavior will differ across hospitals because that system offers the same price to all hospitals.
The small island of Tap, inhabited by the Tapese people, produces a single variety of corn. At the present time, each farmer produces his or her own corn, harvests it and carries it to the market for sale. On any market day in Tap, you will find m..
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Write down the difference between Equilibrium price and Equilibrium quantity. What role does elasticity place?
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what is economics? please respond to the followingbullidentify a recent purchase that you made and determine how
Revitalize the Housing Market
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