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Suppose a firm has the production function Q = K0.4L0.6. The wage rate is given by w and the rental rate of capital is given by r. Find the firm’s demand functions for K and L. Suppose the firm is currently producing Q = 100 units of output. Suppose it receives an order for 150 units of output. What will it do?
q1. during the late 1980s wool prices increased considerably due in part to increased demand by china and the former
Jade Larson Antiques owes $20,000 on a truck purchased for use in the business. The company makes principal payments of $5,000 each year plus interest at 8%. Which of the following is true?
Explain how would you conclusion vary for winter months, if bad weather formulate it likely for traffic jams on the highway to increase to 6 days per month.
Describe the concept of derived demand. Discuss the link between derived demand and unemployment by providing an example from our economy.
Suppose the current administration decides to decrease government expenditures as a means to cut the existing government budget deficit. Using a graph of aggregate demand and supply, show what the effect would be in the short run. Describe the effect..
q1. the simple is-lm model predicts which cutting the governments budget deficit will reduce output in the short-run.
Pick one market in which the price system does not produce an equitable price and quantity of output. Write a paper of 250 words minimum discussion with at least (2) sources cited in the MLA format. What are the alternatives to government interventio..
In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution.
Think of the company that sells the product or service you identified in DQ #2 during Week One. Explain how and why the company would use the concepts of average productivity and marginal productivity
Need help with a problem set that utilizes Calculus-based managerial economics and focuses on elasticity, including point, cross and advertising.
The stockroom will also be adjusting its weekend hours; so beginning on the first of next month, Saturday orders will only be filled between the hours of 8 a.m. and 12 p.m. The stockroom will be closed Saturday afternoons and Sundays.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
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