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The production process of the firm you manage uses labor and capital. How does the long-run expansion path change when the wage increases while the rental rate of capital says constant? Draw a diagram to illustrate the change.
use the following to answer questions 1-4gross private domestic investment 46exports of the us 9disposable income
such as making charitable contributions or civic expenditures (MU). Can you set up the problem and derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost.
One country has a export of $872 million vs another country's exports $1.827 billion what is the percentage difference between the two?
Suppose we have a data set with only two observations, y1 and y2. The general formula for the sample average is: sample average=1/2(y1+y2) Suppose y1 and y2 are sampled from the population in such a way so that they are correlated with each other.
An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged - The distinction between supply and the quantity supplied is best made by saying that
Evans buys unit trusts and invests for income. He invested £50,000 in a unit trust with an offer price of £125 per unit, and sold the units after 5 years at £162 per unit. During this period he received income from the units of £6,200. This income..
Compare and contrast the behaviour of the indicators for the United States with those for the Australian economy.
Determine (a) the standard time per piece and (b) how many work units are produced during an 8-hour shift at 100% performance, and the worker works exactly 7.018 hr, which corresponds to the 14% allowance factor. (c) If the worker's pace is 120% a..
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more. Illustrate this using a graph showing a decrease in supply
Orange juice and apple juice are known to be perfect substitutes. Draw the appropriate price-consumption (for a variable price of orange juice) and income-consumption curves.
As an architect, he has to spend $40000 on education in the first period and then earn $510000 in the second period. The interest rate at which he can lend and borrow money between the two periods is 5%.
Money Market Prices The rate on a particular money market instrument, quoted on a discount basis, is 5 percent. The instrument has a face value of $100,000 and will mature in 40 days. What is its price?Money Market Prices The rate on a particular mon..
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