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Hi, Im actually having a ton of trouble with some homework I have. Hopefully someone can help, thanks! Suppose the production function is given by the following equation (where a and b are positive constants): Q = aL+bK. What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?
According to national income accounts, investment always equals savings in a closed economy. only in equlibrium would savings be equal to investment. hence, we are always in equlibrium. true or false.
Explain how much difference can a logo make on two shirts which are otherwise identical. Illustrate what type of market is this.
Assume that PY increases by 15%, what percentage effect on quantity demanded of product X could be expected.
Customers arrive at an automated coffee vending machine at a rate of 4/min, following a Poisson distribution.
suppose the yield to maturity on a 1-year bond is 6 percent. Everyone expects inflation over the year to be 3 percent, but it turns out to be 5 percent. What is the nominal interest rate on the bond, the ex ante real rate, and the ex post real rat..
Illustrate what is the risk premium on the market. Illustrate what is the required return on an investment with a beta of 1.5.
which her costs are measured is time. Illustrate what is the total cost to hildegard of finding a new plot of grass and getting y units of grass from it.
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
claimed that the accumulation of wealth by capitalists was a small price to pay for the economic expansion from which all Americans benefited.
Illustrate what is the minimum efficient scale for each technology. Illustrate what if it was more optimistic about summer sales.
When a society under allocates resources to the construction of a good or service, it indicates
Solve for the new equilibrium. Illustrate what happens to the price received by sellers, the price paid by buyers, and the quantity sold.
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