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1) The great philosopher Rogers once said that you need holding knowledge (H), folding knowledge (F), and economics knowledge (E). Therefore, overall knowledge (K) can be expressed as:
a) Interpret this equation.
b) Use this equation to show and explain Young's Theorem.
Governments have several means available to guide and influence competition in the marketplace. These means include government ownership of firms and industrial policy.
Assume that the technology of producing widgets is that every company entering the market has the same total cost curve, as follows; TC=1000+5Q+0.1Q^2
The production engineers at Impact Industries have derived the optimal combinations of labor and capital (the only two inputs used by Impact) for three levels of output: 120, 180, and 240 units of output:
David is horrified to see that the value of his favorite beverage has raised. Determine which of the following would unequivocally be responsible for this value raise?
A fashion firm manufactures outfits using two inputs, design skills (L) and expensive materials (M). The cost of fabrication is small and might be ignored as a first approximation.
Define and explain technological advance, and describe how does technological advance enter into the definition of the very long run?
A hotel owner, having heard that new hotels consider to open in area, says, We have too many hotels in this town already. Statistics show that vacancy rates average 20% on any given night.
Suppose you own the home remodeling company. You're currently earning short-run profits. The home remodeling industry is the increasing-cost industry. In long run, what do you expect will take place to
Make a paper analyzing the current market situations of Airline industry including a supply and demand analysis that answers following questions:
A company has a EBIT to be $100,000 every year forever. The company can borrow at 5%, has no debt and cost of equity of 15%. If the tax rate is 25 %, find out the value of the firm?
Marginal utiltiy of good b, but the proce of good Ais only 2 times the proce of ggod b. Is this point consumer equilibrium? if not what will occur?
Find the expected value of the lottery induced by accepting the second wage offer and find the expected utility associated with the second offer.
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