Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For each of the following productions functions, determine whether returns to scale are decreasing , constant, or increasing (show your computations): a. Q = 3K = 2L + KL b. Q = 20K7L5 Exercise 3 HC Petersen & WC Lewis Business Consulting LLC are contracted by the Puerto Rican Treasury Department for an economic study with respect to the efficiency of accountants and bookkeepers in the audit process of corporate and individual tax collection. The study reveals that Certified Public Accountants (CPAs)who audit corporate tax returns are paid $31,200 per year, while the annual salary of a bookkeeper, who audit individual returns are paid $18,200. The study also reveals that adding one year of CPA time to audit corporate returns results in an additional tax collection of $52,000. On the contrary, an additional bookkeeper adds $41,600 per year in additional tax revenue. a. Suppose that the Treasury wants to maximize tax revenue that is being collected, Do you consider the present combination of COAs and bookkeepers optimal? Justify your answer based on the concepts learned in this Module and chapter of production. b. If the present mix of CIAs and bookkeepers is not optimal, should the Treasury Office hire more CPAs and less bookkeepers or vice versa? Explain why!
A representative company with long-run total cost given by TC = 2,000 + 20q + 5q2 operates in a competitive industry where market demand is given by QD = 10,000 - 40P.
1. Suggest how monetary policy is effective at preventing inflation but ineffective in countering recession. Provide support for your response. 2. From the e-Activity, suggest two other methods the Federal Reserve can implement to support a stronge..
Competitive market prices are determined through interplay of aggregate supply and demand, individual firms have no control over price. Market demand reflects an aggregation of the quantities that customers will buy at every price.
Assume at present, firms in perfectly competitive market are receivings negative economic profits (losses). Describe the process by which this industry will reach long-run equilibrium.
Texas instrument once announced a price for random-access memories that wouldn't be available until two tears after the announcement few days later, Bowmar announced that it would produce this product and sell it at a lower price than Texas instru..
The impact of changing from a federal income tax to a federal consumption tax would be:
The Federal Reserve buys bonds in the open market, an open market purchase. What are the affects on monetary base, the money multiplier and money supply. The choices are increasing, decreasing, or unchanged.
The kinked demand curve in an oligopolistic market is defined by the equations: P = 140 - 0.5Q, and P = 200 - 2Q. a) Derive equations for the marginal revenue curves. b) Determine the price and quantity at the "kink" of the demand curve.
Find the nominal GDP for the current year and the base year and what is the percentage increase in the CPI - what is the percentage increase in the GDP deflator
Refer to the above data. If the product price is $60, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. Refer to the above data. If t..
Compute and contrast the international financial organizations that play major roles in NAFTA and Latin-American Integration Association
Suppose that you are a monopolist who produces gizmos, Z, with the total cost function C (Z) = F + 50Z; where F represents the firms fixed costs. Your marginal cost is MC = 50. Suppose also that there is only one customer in the market for gizmos, an..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd