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Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the result?
Illustrate what is point cost elasticity of demand with respect to company f for values of independent variable.
q. a selfless person approaches jones and smith with a 100 bill and offers to sell it to the highest bidder but both
Illustrate what is the relationship between the Phillips curve, cumulative demand also cumulative provide.
Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.
Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. The marginal damages from the pollution is given by MD = 0.003E. The polluter has the opportun..
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
Report demand graphic as well as independent variables that are relevant to absolute a demand analysis providing a rationale for the selection of the variables.
Consider the following: Clark was considered to have “thought out the concept of marginal utility and its influence on exchange value” without having read Jevons, even though Jevon’s had already published. Discuss how this affected his contributio..
q.in a competitive market there are two groups of firms. in group a for each firm the long-run atc curve is u-shaped
Illustrate the total price of production (including the cost due to environmental damage) at the unregulated equilibrium quantity of 400.
Do a discussion on the model of perfect competition also adopting strategies to gain marketplace power in competitive industries.
Write a paragraph explaining each concept as if you were writing for your 15-year-old sibling - Fiscal Policy and the Multiplier Effect
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