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When to Use the Principle of Diminishing Returns? You are the manager of a firm that produces memory chips for mobile phones.
a. In your decision about how much output to produce this week, would you use the principle of diminishing returns? Explain.
b. In your decision about how much output to produce two years from now, would you use the principle of diminishing returns? Explain.
How large is the MI money supply How large are required reserve How large are excess reserve By how much could the banks increase their lending activities What will be the total effect on the M3 money supply
A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants, A and B, whose total costs are TCA = 10+2X+.25X2,TCB = 15+.4X+.1X2. How many units should each plant produce to maximize profit at that price
The maximum possible demand for a certain commodity is 20,000 tons. The highest price for which there is any demand is $40 per ton. If the demand equation is linear, find the demand function and the price function.
A selfless person approached Jones and Smith with a $100 bill and offers to sell it to the highest bidder, but both the winning and losing bidders must pay for their bids. So if Jones bids $2 and Smith bids $1they pay a total of $3, but Jones gets..
one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all other bidders' valuations for the item are evenly distributed between $50,000 and $80,000.
Adam, Joe and Estelle constitute the entire market for chicken. Adam's demand curve is given by QA = 100 - 2P Joe's demand curve is given by QJ = 160 - 4P Estelle's demand curve is given by QE = 150 - 5P Using this information, when P = 35 Adam's, Jo..
What are the elasticities of output with respect to labor and capital for each industry? What are the marginal effects of capital and labor on output? Interpret the regression results. Do the coefficients have the expected signs?
What is your value and ethical position related to the case? Include discussion of theory and principles on which your position is based.
Suppose now that the government wanted to maintain a minimum price in the market of $28 and it decided to do this by selling quotas to suppliers from any source. How many quota units would it sell to achieve this objective?
need an php script that redirect the visitor to url or dir based on their ip address if the visitor from germany then
Suppose a firm is considering taking out a loan for $10,000. The length of the loan is 5 years and the loan interest rate is 15% annual compound interest. The firm's real MARR is 8% and the inflation rate is 4%. The firm is considering two options..
According to an article in The Wall Street Journal, side-impact crashes are among the deadliest, accounting for nearly 10,000 deaths per year. Child safety concerns have kept auto manufacturers from making side-impact airbags
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