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In a two-sector (manufacturing and agriculture) specific-factors model:
a. land is specific to the manufacturing sector.
b. labor is specific to the manufacturing sector.
c. capital is specific to the manufacturing sector.
d. labor and capital are specific to the manufacturing sector.
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Determine the required outlay for 1,000 tons per day.
q1. business is booming at a local fast food restaurant. it is contemplating adding a new grill and machine of french
Calculate the elasticity of demand for your chosen company's automobiles (or choose a specific make / model). Interpret what the demand tells your chosen company's management team.
At the profit-maximizing quantity, what is the average total cost of producing e-books.
q. abc company expects that it will receive a large order from the spain government. but the order occurs abc will be
the price of business travels drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel marginal rate of substitution between electronic media and business travel is - 1. Is t..
The market value of a bond will always approach its par value as its maturity date approaches, provided the bond's required return remains constant.
Which of the following institutional arrangements is most likely to promote growth.
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
q1. when the firms in the industry are just able to cover their cost of production economic profit is 0. consequently
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Describe the required outlay for 1,000 tons per day.
What he didn't foresee was that number of T-shirt stores in South Padre would jump from roughly 10 to 40 within two years. Now he laments.
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