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3. Suppose there is a fixed amount of capital K¯ = 10. a)Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K,L) = K^3/5L^2/5. b)What does this say about the marginal return to labor as you increase the amount of labor used?
Is the deficit and the debt a problem to be dealt with or not? Explain. Why do those who worry say it is different from the World War II debt Explain. Can the FED keep buying up 40% of the government bonds floated Explain. What danger does that ho..
What is the reason for assuming the zero inflation rate for the calculations under annualized equivalent method
Find out the own price elasticity of demand and state whether demand is elastic, inelastic or unitary elastic. Determine the income elasticity of demand state whether good X is normal or inferior
A policy may yield a Pareto superior outcome so long as the gains to those who benefit are greater than the losses to those who are worse off.
Assume that the demand changes to QD = 600-2P and the supply function stays the same. Graph the new situation in Excel. Find the new equilibrium price and quantity, and show it on your graph.
calculate net value added at fcitems and in millions respectively.1 purchase of machinery to be used in production
Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.
Which of the following is not an effect of hyperinflation? The view that union wage demands may be a source of inflation would be best associated with the , The metropolitan with the lowest unemployment rate is, Which of the following groups has hist..
A $2.50 decrease in the price of the $17 salmon entrée increased sales from 40 to 75 meals per week. Which entree should he choose to put on sale?
How has the housing market crash affected urban sprawl and what do you think is the greatest problem facing the suburbs, especially if it is a growing area?
Under what circumstances would the production possibility curve be bowed in towards the origin
the company ABC Inc. bought a machine for automatic playback of " software " at a cost of $ 20,000 ( the "original cost" ) . The expectation was that the machine had a useful life of 5 years , after which have a residual value of $ 5,000 ( "salvage v..
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