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The production function is Q = L^0.25*K^0.25 and the respective unit input prices for L and K are w=4 and r=9. Derive the long-run least cost as a function of Q, and derive the marginal cost and average cost to characterize the shape of the total cost curve.
the world price of coffee rose about 100%. What was the approximate price elasticity of demand for coffee? was the demand elastic or inelastic?
Illustrate what do they mean efficienty level of output. If the government were to build the bridge, what price should it charge.
The college has annual fixed costs of $10 million, and the variable cost for each additional student is $5,000. To continue operating, the college must receive payments equal to its total costs.
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
The firm has monthly cash expenses of $180.what is the projected ending cash balance at the end of February.
If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.
Assume to you live in a simple economy in that only three goods are produced also traded: fish, fruit also meat. Illustrate what additional information might you require constructing your measure?
When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
Explain how each of the subsequent events affects the equilibrium price also quantity of pizza- the price of mozzarella cheese rises.
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