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A firm's production function is Q=f(L,K)=L^0,5*K^0,5 , where Q stands for output, L for labour, and K for capital. The firm is a monopolist in the output market but it hires the inputs in perfectly competitive markets at constant per unit prices w=4 and r=4 for labour and capital, respectively. The market demand function is Q=80-p. Determine the profit maximizing input use, the output price, and the monopolist's profit.
Is there a formula or vice versa a 50% markup on cost is equivalent to a markup on price of what. An answer of 50% for both just seems too easy.
Utilize this concept to construct an example in which a risk-averse individual prefers a gamble to a certain amount of money.
Throughout the 1970s and 1980s, genetic engineering increased crop yields in the United States. "General Motors said Monday that it will close 14 plants, including seven in Michigan, as part of its restructuring in bankruptcy."
Monumental architecture is unique to individual cities, illustrate what does the structure imply about the socio- economic also political organization which created it.
Define also Elucidate the three important components of organizational architecture responsible for the success or failure of an organizational design
Suppose that the government imposed a $1 tax each time someone used an ATM.
What is the impact on the long run adjustment due to this condition. First, look at the impact of the market and then the single firm. What does it do to economic profits or losses, then what happens in the market.
illustrate what is the specific marketplace-failure justification for governing spending on public universities
When on leave, workers receive 55% of their normal paya. Illustrate what are the likely responses on the demand (employer) side of the market.
Illustrate what is the GDP of George's also John's island in terms of clamshells?
Illustrate what is the net current value of a project that requires a $100 investment today and returns $50 at the end of the first year and $80 at the end of the second year? Assume a discount rate of 10%.
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.
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