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Suppose that a firm's production function is given by Q = 30L-3L2, where L is labor input and Q is the output.
a) Derive and draw the firm's demand for labor while the firm's product is sold in a competitive market at $15, and the wage rate is $60.
If labor is the only output that the firm hires, find the level of maximized profit.
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The price of MP4 players has been going down in the past decade. Give an explanation for this consistent drop in the price of MP4 players. Use the model for long run competitive firm to illustrate your answer. Draw two graphs. One is to show the ..
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The U.S. government is considering reducing the amount of carbon dioxide that firms are allowed to produce by issuing a limited number of tradable allowances for carbon dioxide
An order written by the exporter instructing the importer, or their agent, to pay a specified amount of money at a specified time is a: Note Payable, Draft, Promissory Note, Check.
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following the recession of 2001 there was a month in which employment and the unemployment rate both rose. assuming the
Why does a modern economy require a sound financial system? What are some of the reforms that Chinese government did introduce in recent years to strengthen its financial system?
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