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Suppose a firm uses 2 inputs to produce one output. Can you derive an optimality condition for conditional factor demand for the first input if the second factor is fixed in the short run? How does it look like?
TLC Lawn Care, Inc. provides fertilizer and weed control services to residential customers. Its seasonal services package, regularly priced at $250, includes several chemical spray treatments. As part of an effort to expand its customer base, TLC..
What's wrong with this way of thinking? "When the government runs a budget deficit, it simply pays its bills by printing more money
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange.
Explain why is efficiency lost at the extremes as when substantially more of one good and very little of another is produced?
Some college students work only during the summer months because they feel they cannot work and attend school simultaneously. According to the U.S. labor department, during the school year these students are A. part of frictional unemployed. B. n..
In economics, when you plot cost and revenue on the Price-Quantity axis, the profit maximization condition is when marginal cost is equal to marginal revenue. This is a crucial notion to understand. Without it one can't effectively analyze profits.Do..
explain international trade wars can take place and competition among nations is reduced.
Compute the 10-year growth rate forecast using the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation.
Illustrtae what are the different incentives that investors have to hold TIPS.
What measures the fed should take to decrease the unemployment value and expand the economy. Remember that the answer has to deal with monetary policy,
If the customer surplus is small, does it mean that the demand will be greater for regulation or the supply will be smaller for regulation.
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