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Farmer Brown has 2 distinct farms that he works on. His wheat farm has a production function Y=6.7K0.4L0.6, and his soybean farm has a production function Y=0.2K0.5L0.5. Farmer Brown has the option of buying either more labor or more capital for each of his farms. Which should he choose for his wheat farm? For his soybean farm? Why?
Ignore the time value of money and compute the optimal pricing scheme of the iphone, Suppose that there are equal numbers of each customer type, and that the MC of the iphone is $100.
Find the present value of this project by using the Adjusted Present Value (APV) formula
For theEssay, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course.
q. the owners of a small manufacturing concern have hired a manager to run the company with the expectation that he
A new law requires that all construction workers in your area belong to a labor union. Will this shift the labor supply curve, demand curve if both in home construction.
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Explain the unemployment rate in Tappania is higher now than is has been in 50 years. Can both of those statements be true at the same time.
Suppose that a second worker became available. Elucidtae the resulting change in production possibilities. Now what would be the opportunity cost of sanding two floors.
A firm sells a product in a purely competitive market. Illustrate what would the price of wheat be in the absence of trade.
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
Why does the assumption of independence of risks matter in the examples of insurance.
Find an article (newspaper, magazine or online) about the unemployment rate. Use the article to answer the following questions: What is the current unemployment rate in the US? Is the unemployment rate rising, remaining the same, or decreasing? There..
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