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A ?rm has the Cobb-Douglas production function y = 10x1=31 x1=22 x1=63 . Currently, it is using the input bundle(27; 16; 64)1. How much is it producing ?2. Use di¤erentials to approximate its new output when x1 increases to 27:1, x2 decreases to 15:7 and x3 remains the same.3. Use your calculator to compare your answer in part 2: with the actual output.
when output and employment slowed in early 2008 the bush administration and the democratic congress passed a
According to a basic Keynesian model if government spending and taxes are increased by the same amount and at the same time, income will rise ( a la the balanced budget multiplier).
You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows
What is the minimum price a firm would charge for this product and what is the firm's profit potential for producing this product?
Arkansas has one of the highest numbers of STLs in the United States. In an effort to recoup the costs of dealing with the meth epidemic, twenty countries in Arkansas filed a suit in a federal district court against Pfizer, Inc., and other compani..
during the countrys current economic malaise along with that of our local economy what can individuals and businesses
The Social Responsibility of Business Is to Increase its Profits
Consider the firms short run decision to hire workers. Suppose that a firm produces goods for sale in the perfectly competitive market. labor markets are competitive as well.
consider the following statement to maximise profit you need to sell your output at the highest price. after what you
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $5,000 in currency into the bank and that currency is added to reserves.
Find the quantity at which diminishing marginal returns set in and if the monopolist's goal is to maximize profits, and the monopolist charges all customers the same price, determine the optimal level of output.
Almost all news media are dominated highly with varieties of advertisements, and people wonder where would modern society be without advertising? Explain briefly, using examples how advertising affects consumer's decision in making choices.
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