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Two variable inputs, labor (L) and materials (M), are used to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is to minimize the cost of producing the given the level of output (2) Decide what changes (if any) in the relative proportions of labor and materials are required to operate efficiently.
what is an example of either a proposed or successful vertical horizontal or conglomerate merger with which you are
Analyze the dynamics of supply and demand to anticipate market equilibrium and analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
for each of the following explain whether it shifts the short-run aggregate supply curve the long-run aggregate supply
Discuss how is the liquidity money (LM) curve derived and determine what impacts it and how does it impact the global economy? Provide examples and support your claims.
please distinguish between the different categories of price elasticity of demand. i want to know how do you show the
1. is direct to consumer dtc advertising of drugs considered ethical? what facts could be supplied to help you make
Use algebra to derive (i.e. show how one equation follows from the other), from national income account identities
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Determine the total tax collected by the government on widgets. How much of this tax is paid by consumers? by producers? Show all calculations and explain your work.
A market has the following characteristics: there are many firms, few barriers to entry, each firm acts independently with differentiated products, and no possible long-run economic profit. The difference between a perfectly competitive firm and a ..
During the average month in 2010, Sarita received and watched 6 movies sent to her through the mail and she watched an additional 13 movies which were streamed to her computer.What is the average cost of a movie to Sarita? What is the marginal cos..
1. b. in at least 3 detailed paragraphs answer the following three questions use examples to illustrate your response
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