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A cost minimizing firm has the following short run production function:
Q=f (L,K)=72L+5L2-0.2L3
a) Briefly explain why this is a short run production function.
b) At what level of employment would diminishing returns set in for the variable input?
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
Using the information in the following table, estimate the average return and volatility for each stock, the covariance between the stocks
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Illustrate each of the following events using a demand and supply diagram for bananas.
Decline in the marginal propensity to consume by -.3 (i.e. MPC = 0.5: people consume half of their income). What is the new value of aggregate income?
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After choosing the topic do the article review which includes following steps a. a short summary that clearly covers all of the fey elements in the article. this summary must show that you carefully read and understood the content of the article.
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A rise increase in elasticity of demand will also rise monopoly power.
Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
The company's computer system uses fluid structure interaction modeling to test and analyze each airbag design concept. What is the present worth of the concept at 16% per year, compounded quarterly, if the quarterly cost in years 1 through 5 is $..
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