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The price of labor is $3 per unit. How many units of capital should a firm use in order to produce 300 units of output at the least cost?
17 units of capital, 18 units of capital, 19 units of capital, or 20 units of capital
Policymaking is much easier when the state of the economy is easily observable than when there is uncertainty about how the economy is doing, as this problem illustrates. Suppose that the economy is either in an expansion or a recession. Suppos..
suppose that the probability that a used bike is a lemon low quality is p and the probability that a used bike is a
icu window inc. is trying to determine its cost of debt. the firm has a debt issue outstanding with seven years to
explain problems related with having persistent vs. temporary current account deficit and find out which one has
for the following problems assume that under free trade i.e. before any tariffs are imposedthe u.s. has a domestic shoe
The manager of EverClean finds two output levels that appear to be optimal. Show what these levels of output are, and explain which one is actually optimal.
A. calculate the price elasticity of demand between each pair of prices ($5.00 to $4.50, and so on). b. what happened to Ed as price falls? why does this occur? c. What factors affect Ed?
the fixed cost for a steam line per meter of pipe is 450x 50 per year. the cost for loss of heat from the pipe per
the next question refers to the followingtotal cost schedule for a competitive
A customer has a utility function of U(x,y)=xy+6x+6y The price of good X is Px, customer income is I, hence constraint is x(Px)+y(Py)=I. Use Lagrange method to find demand function of x when I=20. Suppose Py=1, and Px can vary, I=20, what is the pric..
Suppose you currently live and work in cleveland, earning a salary of 70,000 per year and spending 30,000 for housing. you just heard that you will be transferred to a city in california where housing is 55% more expensive. In negotiating a new sa..
the 2010 deep water horizon oil spill in the gulf of mexico caused a huge increase in the number of workers hired to
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