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Q=5L^2 + 8K^2 - 2LK
Unit cost of Capital and Labour = $8
Derive the MPL, MPK and slopes of isoquant and isocost lines.
Find the values of K and L which minmise Total input costs if production quota is 1625
Calculate the minimum total production cost
The publisher must spend $1 million advertising the new book. It is now ready to print the book. For practical purposes, as many books as they like can be printed. In deciding how many copies to run.
Derive the equation for output per effective worker y = Y/EN = f(k), where k equals the amount of capital per effective worker. or calculate the steady state levels for each.
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U.S. Treasury securities are auctioned in competitive bidding under rules that are very similar to a Vickrey auction. What is the advantage to the U.S. Treasury of using this type of auction?
Carlton Corporation, a manufacturer of electronic equipment, determine the following relation between its marginal cost of production output:
Show the effect that reducing protection on imports will have on factor prices. Show the effect of reducing protection will have on factor prices.
Describe the mission of the World Trade Organization. How effective are they in pursuing this mission What do you see as the future outlook for the WTO? Be sure to consider both challenges and opportunities.
The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit and an output of 2 million units. The price that consumers are willing and able to pay for this outputis $40 per unit. If it priduces this output, the firms a..
Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.
Which statement is not true regarding risk? the expected return is usually not the same as the actual return a key to assess risk is determining how much risk an investment adds to a portfolio some risks can not be decreased or mitigated by the fina..
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