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Suppose that the firm's production function is given by Q = 10KL1/3. The firm's capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8%? What would you pay for a $194,000 face value bond that matures in 15 years and pays $19,400 a year in interest if you wanted to..
if elasticity is -2 price is 10 and marginal cost is 8 should you raise or lower price?lower price. since demand
Suppose that Eleanor's preference ordering changed to the following: First choice L, second choice H, and third choice M. Are Eleanor's preferences in this case single or multiple peaked? Explain.
when consumer income increased from 5000 to 6000 the quantity demanded for a product falls from 100 units to 70 units.
What is price elasticity How does Moore's Law relate to this concept What is sepcial about falling chip price What is the advantage of using grid computing to simulate an automobile crash test as opposed to actually stag
If you borrow $15,0000 at a fixed nominal interest rate of 7 percent per year. If annual inflation turns out to be 10 percent, what is the real rate of interest?
from california to new york legislative bodies across the united states are considering eliminating or reducing the
A news network stated that a study had found a positive correlation between the number of children a worker has and his or her earnings last year.
Do corporations have responsibility in the financial meltdown and its aftermath of recession – the most serious since the Great Depression of 1930s? Free-market capitalism dictates that markets create efficient solutions and businesses that fail shou..
Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups in society would benefit from this change? What group might be hurt?
An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping demand and upward sloping supply would raise the equilibrium price. a exactly $1.00 per gallon.
What does the Federal Reserve say about the current state of the economy?
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