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1. A firm has a production process in which the inputs to production are perfectly substitutable in the long run. Can you tell whether the marginal rate of techni- cal substitution is high or low, or is further information necessary? Discuss.
2. The marginal product of labor in the production of computer chips is 50 chips per hour. The marginal rate of technical substitution of hours of labor for hours of machine capital is 1/4. What is the marginal product of capital?
What compensation options are available to employers? Describe each. Many have argued that the most important reason for adopting incentive compensation is to communicate to employees how they contribute to the company's success.
A "run on gasoline" occurs when consumers' fears of gas shortages in the future lead them to demand more gasoline now. Using supply and demand analysis, which of the following is consistent with this situation
(A)If the production function is AK and the savings rate is the constant rate "S", and the rates of depreciation and population growth are d and n respectively, what would the growth rate of the economy be
The Federal Income Tax Base and Policy Alternatives
Efficiency can mean many things to many people. Even in economics, there are different types of efficiency. Here we are discussing productive efficiency. An economy is productively efficient whenever it is producing the maximum output with given t..
Which of the explanatory variables in the regression are statistically significant? Explain. How much of the total variation in pie sales does the regression model explain?
The budget deficit is of tremendous concern and all law makers agree that some measures should be taken to reduce it. However, The Republicans see the issue as a spending problem, while the Democrats see it as a revenue problem.
For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs.
Describe the "typical" person in the United States without insurance, and discuss how that person's uninsured state is quite predictable.
Draw an iso-cost line for this firm, showing combinations of L and K that cost $6 and another iso-cost line showing combinations that cost $12. What are the slopes of these iso-cost lines?
Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a "trigger"?
A piece of construction equipment (asset class 15.0) was purchased by the Jones construcion company. The cost basis was $300,000. Determine the GDS and ADS depreciation deductions for this property.
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