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Suppose a firms production function is given by Q= L^1/2 * K^1/2. The marginal product of labor and the marginal product of capital are given by:
MPL= K^1/2 /2L^1/2 and MPk= L^1/2/2K^ 1/2.
explain the relationship between elasticity of demand and total revenue for the following ranges along the demand curve
consider the following demand curve faced by a monopolistq 112000 - 500p 5mnote p per unit price q number of units
for the table giventhe first two columns in the table give a firms short-run production function when the only variable
Suppose that the average variable cost of the firm is given by AVC(q) = 3 + q. Suppose that the firm"s fixed costs are known to be $3. Will the firm be earning a positive, negative, or zero profit in the short run?
Discover the government budget deficit or surplus. Compute the Equilibrium level (Y) Compute the equilibrium level of disposable Income (Yd). Compute the level of Consumption (C) in equilibrium.
read the article some banks encourage over drafts reaping profit and then answer the following questions1. what is the
Due to foreign competition, the market price of recling chairs has fallen to 110. In the short run,
question 1 why is cvp analysis generally used as a short run tool? would cvp ever be appropriate as a long run
general electric ge is the company we selected.for this assignment you are to continue using the same fortune 500
There are 200 pounds of food on an island that must be allocated between 2 marooned sailors. The utility function of the first sailor is given by Utility= ( F1) Where F1 is the quantity of food consumed by the first sailor. For the second sailor u..
calculate net value added at fcitems and in millions respectively.1 purchase of machinery to be used in production
1.nbsp suppose that two goods are perfect complements. if the price of good 1 changes what part of the change in demand
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