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Suppose the hourly wage is $10 and the price of each unit of capital is $25. The price of output is constant at $50 per unit. The production function is f(E,K)=E^1/2 K^1/4. How much labor and capital should the firm employ in the long run? How much profit will the firm earn?
Imagine your boss in the United States home office wants to know your perspective on the following. How do international sanctions, tariffs, quotas,
Think a competitive industry consisting of one hundred identical firms each with the following cost schedule,
bumper crop means cheap mangoesnathan dyer the west australian november 1 2011perth consumers are set for a mango boom
describe the business and explain the general pattern of change of the particular market model indicating how this
folk wisdom has it that when people lose their jobs they drown their sorrows in drink.economists have long challenged
the manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -2.
What money supply should the Fed set next year if it wants to keep the price level stable and what is the price level? What is the velocity of money?
Pop Dillard keeps hundreds of dollars in his mattress, saying he's distrusted banks ever since the Great Depression. Does the money he holds in his mattress provide a service to him
consider a firm that faces an upward sloping supply curve.since the firm faces an upward sloping curve it will not pick
Provide reasons for believing in the accuracy or inaccuracy of sensory information and discuss the roles of "nature" and "nurture" with regard to the interpretation and evaluation of sensory data.
Governments of country A and country B spend the same amounteach year. Spending on functions relating to dealing with marketexternalities and public goods accounts for 25 percent ofgovernment expenditures in country A
Whats her expected utility of having a car without insurance and what would be the price of a "Fair" full insurance plan? Would Chen buy full insurance for her car at this price
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