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Suppose that Nadine has a production function 4x1 + x2. If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output?
Showthat, no matter what Terry's wage rate, the optimal number ofhours of leisure that he consumes is always the same. What is the number of hours he would like to have for leisure?
Describe how the following statements relate to the AD-AS model
Suppose that two companies are duopolists that produce identical products. Demand for the products is given by following linear demand function:
What are the three Macroeconomic goals? Discuss the framework of Macroeconomics- what model does it use to explain changes in GDP, unemployment, and the price level?
Macroeconomic studies would be more interested in the trend in overweight and obesity in the U.S. and other OECD countries rather than the percent of public spending on health care.
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Show how to find equilibrium in an RC model? What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the RC model.
Christine and peter earn a combine annual income of $190,500. If christine earns $30,500 per year more than peter, what are their individual annual salaries? Please set up and solve this problem following the steps below:
Calculate the labor rate also efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Loring.
Define, explain the differences between, and give an example of
1. Suppose that Citigroup (C) has an expected return of 14%, while McDonald's (MCD) has an expected return of 8%. Find the expected return of a portfolio consisting of 75% C and 25% MCD. Show work and do not round.
Who benefits and who loses from protectionist policesies? - industries that use trade protected goods and inputs -trade protected industries.
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