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A firm is competitive in both product and resource market. The firm's short run production function is given by Q = 0.5L1/2 where L is the labor input. Assume the wage rate is $10 and the firm's fixed cost is 100. If the price of the good in the market is $1,200 per unit
(a) What is the firm's profit maximizing level of output and employment?
(b) What is the firm's total wage bill?
(c) What is its profit?
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labo
discuss the advantages and disadvantages of closed-end country funds cecfs relative to american depository receipts
providing the highest-quality products and the highest level of customer service are two of the core values of michaels
Consumers in a given industry have the demand curve: P = 1000 – 8*Q Production involves an upstream manufacturer, who incurs a constant marginal cost of $20 per unit, selling to a downstream retailer.
Suppose M = $80,000, PR = $30, T = 5, PE = $12, and N = 6,000. Using these, compute and write the direct demand function for Good A. Show your math. Watch the decimals! The coefficient on M is 0.02 and the coefficient on N is .4
Shannon purchases a bond for $1,142.38. The bond matures in 3 years, and she will redeem it at its face value of $1,200. Interest premiums are paid annually. If Shannon will earn a yield of 5%/year compounded yearly, what is the bond interest rate?
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Find the supply function for the hospitals and Suppose the hospitals merge into one umbrella organization to improve their bargaining position. What would the new price and equilibrium be?
Determine the direction of comparative advantage and the limits to the relative wage rate A and B are the countries, the products are S and T and A has s=6 and T=2, and B has S=15 and T=12
Choose a product and state whether it has price elasticity or price inelasticity. The beginning value for year 2008 is $43,050, year 2007 starting price was $41,450, and year 2006 beginning price was $42,700.
Reflecting on the concepts you have studied in the course, discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. You will need to research the company through the University library. Your essay sho..
Which of the following is an example of discretionary fiscal policy - If the Congress and the president want to keep real GDP at its potential level in 2014, they should buy Treasury securities.
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