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Consider the following short run-production function (where L=variable input, Q=output)
Q=10L-0.5L2
Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit
a. Determine the marginal revenue product function
b. Determine the marginal factor cost function
c. Determine the optimal value of L, given that the objective is to maximize profits.
in supply management one component to explore is how an organizations supply chain helps to achieve a strategic
Assume United States can produce Toyotas at the cost of $8,000 per car and Chevrolets at $6,000 per car. In Japan, Toyotas can produce at 1,000,000 yen and Chevrolets at 500,000 yen.
several years ago the university of hawaii decided to make some significant increases in the prices it charges for
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm. Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a..
Does the heavy crude have lower or higher value from the base crude and if this is the global marginal refiner, what is the crude price differential between these two crudes?
which steps in the methodology of econometrics do you consider most important to get right for the construction of a
Draw a network that depicts the company's distribution network. Identify the supply nodes, transshipment notes, and demand nodes on the network.
His strategy to acquire companies in different lines of business based on the requirement that each business in GE was to become the #1 or #2 competitors in the industry is touted as being particularly brilliant.
What is equilibrium price?What is the equilibrium quantity(Q)? Compute the consumer surplus a=384 b=296 c=0 d=112 e=-112 f= none of the above Compute the Consumer Surplus?
It is often said that a good theory is one that can be refuted by an empirical, data-oriented study. Explain why a theory that cannot be evaluated empirically is not a good theory.
Suppose there are three countries in the world. Country A exports $11 million worth of goods to country B and $5 million worth of goods to counrty C, country B exports $3 million worth of goods to country A and $6 million worth of goods to counrty..
In many developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater eductional oppotunities for young women could lead to faster economic growth in these countries
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