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Joe owns a coffee house and produces coffee drinks under the production function q = 5KL where q is the number of cups generated per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). Illustrate what is the average product of labor?
If the manager of impact industries decides to produce 240 units, illustrate what will the long-run total cost also long-run average cost of producing 180 units.
Illustrate what should the U.S. Congress and the Federal Reserve do about it. Write your individual answers to both questions listed above together not each minimum 300 words in essay format in APA style.
Determine the price elasticity of demand at each quantity demanded using the arc or midpoint formula.
Assuming that my situation is that of other firms, in which of these cases is output similar to short run equilibrium output.
Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate
If the annual real interest rate on the loans is 6%, explain how many car companies will buy a new car assembly machine.
Illustrate what is explict opportunicy cost of attending college. what is an implicit opportunity cost of attending college.
the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the average total cost.
The rate cut was made because European nations were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy.
What are the effects of capital formation by comparing the ppf,at the present time and ten years in the future,for two economies,one with a high and the other with alow rateof capital formation.
A brewery is considering two potential production investments.
What are the effects of an increase in aggregate demand in the aggregate demand and aggregate supply model consistent with the Phillips curve.
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