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Suppose production function for noodle soup at Slurping Turtle is Q =4k^1/2 L^1/2. They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20
(a) Suppose Slurping Turtle wants to produce 48 noodle soups. What is their short run optimal input combination?
(b) What is Slurping Turtle’s short run total cost function?
(c) What is Slurping Turtle’s short run variable cost function?
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
The average fixed cost function is monotonically decreasing.The marginal cost function intersects the average fixed cost function where the average variable cost function is a minimum.
Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
The government proposes cutting taxes on investment by implementing a credit for investment in information technology equipment. The proposal would reduce government tax revenues. Describe the likely impact on the bond market .
What must be true about the price elasticity of demand if your proposal is to achieve its goal of raising revenue? Explain your answer.
explain how governments can contribute, or discourage long run growth through their policies and institutions.
Show the Income Consumption Curve for this consumer for income values M = 12, M = 24, and M = 36.
You borrowed $20,000 at a rate of 12% compounded monthly. It will be paid back in 60 equal payments over the next 5 years. Immediately after your 30th payment, you decide to pay off the balance. How much do you have to pay?
q1. the price of a laptop increases by 20 and there is a 40 drop in the quantity demanded. the price of a pack of
Illustrate what should the Fed do if it wants to stabilize aggregate demand.
If the real wage can adjust to equilibrate labor supply and labor demmand, what is the real wage. In this equilibrium, illustrate what are employment, output, and the total amount earned by workers.
Explain how might you make profits by purchases or sales of bonds now,with the intention to sell in a few months' time.
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