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Assume that the production of scissors is represented by q = 6*(K*L)1/2 . In the SR, K is fixed at 144. The rental rate (v) is 25, and the wage rate (w) is 10.
a. What is the STC function in terms of q?
b. Using your equation in part (a), what are the fixed cost (FC) and variable cost (VC) equations?
c. What are the equations for average variable cost (AVC), average fixed cost (AFC), and short run average total cost (SAC) (in terms of q)?
Suppose 2 television stations are offered 2 old Hollywood films: Casablanca and Son of Godzilla. The stations' willingness-to-pay for each is as follows: Station A WTP: Casablanca $8,000 Godzilla $2,500 Station B WTP: Casablanca $7,000 Godzilla $3000..
The relationship between the less- developed- countries and the developed countries in the evolution of international trade has always been a bit strained. Discuss this relationship, including policies adopted and /or advocated by each group to "help..
Sally deposited $100 a month in her savings account for 24 months. For the next five years she made no deposits. What is the future worth in Sally’s savings account at the end of seven years, if the account earned 6% annual interest, compounded month..
q1. assume the supply of money graph. if reserve prerequisite before the shift was 10 as well as the fed adjusted the
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
Most hospitals in Great Britain are owned by the government (part of the National Health Service), and the doctors who work in them are employees of the hospital. In what ways do you think their behavior would differ from comparable doctors in a not-..
The LoJack car recovery system allows the police to track stolen cars. As a result, they not only recover 90 percent of LoJack-equipped cars that are stolen but also arrest many auto thieves and shut down many "Chop shops" that take apart stolen vehi..
Suppose the own price elasticity of demand for good X is −0.2, and the price of good X decreases by 10 percent. We would expect the quantity demanded of good X to:
Susan Jones has a job as a pharmacist earning $45,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $55,000 per year or to purchase a pharmacy that generates revenue of $250,000 per year. What would ..
Which of the following is true regarding the extent of shareholder’s liability to corporate creditors? a.A shareholder is Liable to the corporation’s creditors to the extent of the value of the shareholder’s corporate shares b.A shareholder is Liable..
Identify which one of the 4 C's (clarity, coherence, consistency, concision) you've had the most difficulty with in the past. Describe what you've done to improve your business writing style
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
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