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Suppose the production function for oranges is Q = k^1/3 L^1/3
(a) What is the labor demand function when Q = 4 and r = 9 ?
(b) What is the capital demand function when Q = 4 and w = 4 ?
(c) What is the price elasticity of demand for capital when Q = 4 and
w = 4 in terms of r ?
Suppose the production function for pasta is Q = 4kl
(a) What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ?
(b) What is the long-run total cost function when r = 4 and w = 36 ?
(c) Does this cost function have increasing or decreasing returns to scale?
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
what combination of coal-fired plants and gas-fired plants would minimize construction costs.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
Subjective definition of probability is:Select one:A. a weighted average of different peoples' degrees of certainty of an event's occurringB. a theoretical probability distributionC. a person's degree of certainty of an event's occurringD. an expecte..
q.a country that does not currently tax cigarettes is considering the introduction of a 0.40 per pack tax. the
question 1 for the following scatter plot what would be your best estimate of the correlation coefficient?nbspquestion
Suppose the economy is initially in short run equilibrium at a level of output above the natural rate. Use the IS-LM model to graphically show how the levels of income and interest rates change as the economy returns to the natural rate of output in ..
They use the Internet to pay babysitters. With no cash, does the nature of money change? Should the Federal Reserve change the definition of M1?
q. the biggest difference between microsoft and software retailers is the market structure in which they operate.
a price- setting firm wilpen company produces nearly 80 of all tennis balls purchased in united states. wilpen
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
Find out the equation for the firm's labor demand curve. Find the optimal level of labor for the firm to demand.
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