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how do i compute the short run total product, average product of labor and marginal product of labor given the production function:Q=2K*(10L-L^2)if Q = number of tasksK= number of machinesL= number of workers
A store providing copy and prrin services has 5 copy machines and due to limited space will not be able to add any additional machines during the next 6 months. The store needs to hire employees in order to operate the machines. (All working fixed amounts per week)
Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.
Demand and supply functions of tomato are listed below, The maximum value of tomatoes that manufacturer will offer for sale if the price of tomatoes is $ 0.30
Test the null hypotheses that the slope terms are individually insignificant using one-tailed t-tests using a .05 level of significance and evaluate the quality of the model.
Suppose a firm is operating in perfectly competitive product market where the price of its output can be sold at the price p=$10. The firm can hire any number of workers at the wage of W=$50.
Charge of development for your housing nonprofit and assuming that your non-profit is risk-neutral, which grant should you apply for
Examine how an organizations in each market structure like perfect competition, monopoly and monopolistic competition maximize profits.
Compute the profit maximizing output produced by each firm. Compute the profits earned by each firm and the cartel.
What is the profit-maximizing level of output of master cream (in bottles)? What is the profit-maximizing price? What is the maximum level of profit?
Determine how the following situations will affect the demand curve for ipods.
What fraction of its oil consumption does it have to import and is it strange that even though the country is a net importer of petroleum, it exports some petroleum too?
Make a table showing Mankato's marginal cost of newsprint production. Find out the minimum price necessary for Mankato to supply one ton of newsprint?
There are literally several elected officials across the U.S. at the local, state, and national levels. The 2-major political parties remain as important to election and reelection of public officials today as ever before.
Imagine you have a price weighted index made up of 2-stocks, Stock A and Stock B. The price of A equals $30 and the price of B equals $70.
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