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Suppose that a cost minimizing firm n a perfectly competitive market uses two input, labor and capital. If the marginal product of capital is twice the marginal product of labor and the price of a unit of labor is $4, what must be the price of a unit of capital?
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Estimate the macroeconomic implications and microeconomic consequences of a monopolistically competitive firm or an oligopoly firm filing for bankruptcy.
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
Illustrate what happens when a per unit subsidy is replaced with a revenue equivalent lumpsum subsidy.
Find total revenue for quantity equal to 10,000, 20,000, and so on. Illustrate what is the marginal revenue for each 10,000 increase in the quantity sold.
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