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We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If we use K=10 robots and L=10 workers in order to produce q = 450 autos per shift, then we know that production is:
A) technologically efficient
B) technologically inefficient
C) maximized
D) optimal
What is the equilibrium price of honey? How much profit does an individual producer make in a month?
This grazing land was for whole town and families could allow their flock of sheep to graze free of charge. Why is it that grazing land was not protected by individual families.
Economic and Ethical Issues of Pricing Assignment Description
An option holder is not entitled to receive dividends unless he or she exercises their option before the stock goes ex dividend.
Suppose that the only input used in the generation of solar energy is sunlight
He decides to assign his grades for his current course such that top 15% of students receive an A. What is lowest average a student can receive to earn an A.
A group of investors is thinking about buying a ticket also sharing the proceeds if they win. The organizer offers the following deal.
describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic.
Suppose the Demand for baseballs is given by Q = 240 – 8P. What is the price elasticity of demand when P = 6? At what price will Total Revenue be maximized?
Explain how is it possible which output rises while at the similar time employment is falling.
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
q1. state two economic principles of taxation.a explain which rule best justifies gasolines excise tax while the tax
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