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Q. 1. as per concepts of production function, indicate whether each of the following statements is true or false. Explicate your answers
a. decreasing returns to scale and increasing average costs are indicated when EQ<1
b. If the marginal product of capital falls as grows resources usage returns to resources are declining.
c. L-shaped iso-quant described production system in which inputs are perfect substitutes
d. Marginal revenue product measures the profit earned through expanding input usage.
e. the marginal rate of technical substitution will be affected by a given percentage increase in the marginal productivity.
2. Explain why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource employment. Production analysis and compensation analysis and compensation policy.
What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition?
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
q1. foreign workers make up roughly 90 of united arab emirates uae population. if you compare uaes gdp with its gnp
What must it be? Can you think of any way of justifying such a value for this parameter? How else might you explain the large difference in income between Richland and Poorland?
From the e-Activity, identify the company, the accounting impropriety or illegality, how it was detected, the outcome, and propose a strategy that might have prevented the situation. Indicate how the strategy should be implemented.
Illustrate what are the major factors that have affected U.S. household consumption since the recession in 2001.
q.happy bank initiates with 200 in bank capital. after that it takes in 800 in deposits. it keeps 12.5 percent of 18th
Education (e.g., elementary and secondary education, higher education-undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service)
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
what would your advice be to Congress? You must include the implications (the consequences to business and workers) in your analysis?
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
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