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A firm uses capital and labor to produce output according to the pproduction function q = 4sqrt(KL), for which MPL = 2sqrt(K/L) and MPk = 2sqrt(L/K) a. If the wage w=$4 and the rental rate of capital r=$1,what is the least expensive way to produce 16 units of output? ?????? b. What is the minimum cost of producing 16 units? c. Show that for any level of output q, the minimum cost of producing q is $q. d. Explain how a 10% wage tax would a§ect the way in which the firm chooses to produce any given amount of output
discuss the one presented in the Bruntland Commission Report
Indicate two public policies that would be appropriate for addressing this situation. Explain their impact on your graph.
The operating and maintenance expenses are expected to be same whether you purchase the truck or lease it. If the minimum acceptable rate of return is 12% per year compounded monthly, should you purchase this lift truck or lease it?
If a large-scale war resulted in massive destruction of physical facilities, but not loss of life
Use a production possibilities frontier to illustrate the production options. Be sure to label your drawing. Identify a point that is efficient.
write down ten results from the polls that indicate something interesting about the relative strength of the parties. Write a letter to a presidential candidate explaining what you would recommend based on this data.
Illustrate what greens fee should the operator set on weekday also Elucidate how many rounds will be played n the weekends.
Assume that the marketplace for sweaters is perfectly competitive. The future value of a deposit in a savings account will be larger
For what proportion of these corporations the rate of return negative? For what proportion of these corporation was the rate of return between 5% and 15%?
Illustrate what about Italian labor-force participation rate and unemployment rate.
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Illustrate the price that consumers are willing and able to pay for this output is $40 per unit. Produces this output, the firm's average total cost is $43 per unit, and its average fixed cost is $8 per unit.
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