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Indicate whether each of the following statements is possibly true or certainly false.
a) The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost the same, and is l = 12 and K = 37 when labor costs $20 and capital costs $15.
b) The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost $12, and is l = 15 and K = 33 when labor costs $10 and capital costs $15.
analyze the sexual harassment issues presented in scenario.
Illustrate what is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the cost from being regulated at the socially optimal level.
What are data in table saying. What is an implication of pattern shown. What are data in table saying. What is an explanation for pattern shown.
How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?
In the market for tacos, explain the impact on the demand curve, supply curve, or both. If the market started in equilibrium, determine if the new market equilibrium price and quantity are above, below, or indeterminate with respect to the starting e..
Assume that a consumer has the utility function U(x,y) = (3x+1)y, where x and y represent the quantities of two goods, X and Y. For parts (a)-(h), assume that good X costs pX=$3 per unit and good Y costs pY=$4 per unit. “Wealth” and “income” have the..
A regulated natural monopoly has the following data: if the firm is ordered to price its good so that there is locative efficiency then the firm will have?
Can anyone recommend some free software for students studying economics for use in senior projects, theses, or dissertations? What kind of economic freeware exists for economics students?
For each of the following situations, find an interval that contains (approximately or exactly) 99.73 percent of all the possible sample means. In which cases must we assume that the population is normally distributed? Why?
How do tariffs work? Illustrate by referring to U.S. lumber imports from Canada, suing any set of quantities and prices to make your point. Public housing and public protection are two of many goods that government provides. One is considered a publi..
The Fed pays very high interest rates on which of the following assets and/or liabilities?
If the government imposed a direct price regulation that did not allow a natural monopoly with constant marginal cost to charge a price higher than under perfect competition:
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