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consider a firm with production function
f(L,K,N)=min{3L+4K,2N}
A) Classify this production function by returns to scale
b) Comput the firms long-run cost function
c) Assume that the factor N is fixed at N=(N^-). derice the firm's short-run cost function.
Give a numerical example to Explain how which a monopolist's marginal income can be upward-sloping over part of its range.
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As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
Illustrate what is the estimated KWH also illustrate what is the interval which would contain 95 percent of such estimates.
Find out and read two articles about a recent controversial issue involving either the Federal or state government and eminent domain.
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Illustrate what will happen to the price of bonds also to money holding if the Fed changes the interest rate as a result of a decrease in the money supply.
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