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A firm has the following short run production function Q = 45L2.5 - 4L3.
(a) Write the equations for the marginal and average product of labor.
(b) At what level of labor input does the AP of labor reach its peak?
(c) At what level of labor input does it drop to zero?
You are the manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months. Following are the average negotiated prices for each month and quantities sold ..
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Discuss why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
suppose the chairman and chief executive officer of general motors has decided to a raise the companys auto prices by
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Draw the Normal Form of the game Alice and Bob are playing, be sure to label the game completely - Does either player have a dominant strategy and What is the marginal cost for both firms?
this is about unemployment rates during the depression. if it started at 1.8 then raised to 25.2 what percent would
Suppose that you invest $100 today in a risk-free investment and let the 4 percent annual interest rate compound. Rounded to full dollars, what will be the value of your investment 4 years from now?
Describe the four types of unemployment. How do the four types differ in their effects on the economy and on the unemployed and what is meant by industrial policy? Discuss the strengths and weaknesses of an industrial policy
in the early part of the last decade there was an overproduction of coffee. the price dropped so low that producers
Compare and contrast the two industries you have identified in terms of size, products, services, customers, economic and regulatory environment.
River Ridge Music School borrowed $30,000 from the bank signing a 6%, 6-month note on November 1. Principal and interest are payable to the bank on May 1. If the company prepares monthly financial statements, what adjusting entry should the company m..
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