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A perfectly competitive firm uses capital and labor to produce output, in the short run, according to the following production function: Q=K1/2L1/2 1. Find the amount of capital and labor that will maximize profits 2.Show second order conditions for the maximum 3. Show graphically the profit maximizing level of inputs and provide an economic explanation for the equilibrium point 4. show mathematically that the equilibrium conditon is satisfied 5. What modifications to your model are necessary if we assume the firm is a monopoly?
The manager of a Burger Doodle franchise wants to determine how many sausage biscuits and ham biscuits to prepare each morning for breakfast customers. The two types of biscuits require the following resources: Formulate a linear programming model fo..
Pepsi-Cola® and Coca-Cola® have dominated the market for almost a century whereas General Motors™ and Ford Motor Company© have suffered due to increased competition.
q.imagine that e-markets is a company that implements a competitive market in mp3 players. based on information which
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How does technological progress shift the labour demand curve? Professors, lawyers and doctors receive similar amounts of education, why are pro..
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
A manufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. In the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant f..
Deer have become increasingly apparent in a rural county. Last year it was estimated that there were 40 breeding pairs (a deer must reach the age of 1 to breed). Do you think it is likely that the deer population in the county is increasing? Will the..
q1. if american cheese also cheddar cheese are substitute afterward which of the following would increase the demand
Wilderness Adventures has earnings per share of $2.45 and dividends per share of $1.05. The total equity of the firm is $850,000. There are 40000n shares of stocks outstanding. What is the sustainable rate of growth?
To ensure that eligible tribal applicants have the opportunity to participate in the Public Assistance (PA) process, PA staff members should:
The mayor of new monopoly realizes that the congestion at the port cost the shipping companies and his town money. Which decision would not move him towards a command economy?
Which is the proper cite for the Code of Federal Regulations?
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