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Consider the following Cobb- Douglas production for red bean coffee. q=(l^0.2)*(k^0.5) a. intutively, why are cobb-douglas production function more appropriate representations of reality than, say, linear production functions ? b. based on the function above, is red bean cofee's business experiencing economies or diseconomies of scale? explain how uou arrived at your answer. c. if red bean cofee decided to boost labor by 15% and captail by 10%, how much will productivity increase? d. if red bean cofee wanted to boost productivity by 40% and already knew they were going to increase captail by 20%, how much would they have to increase their labor force to rach this production targer?
All of the following are assumptions of the theory of comparative advantage, except
Construct a representative indifference curve for each of the following situations. (Note: Even though some of the goods described exist only in discrete quantities, draw the IC assuming the goods exist in continuous quantities). The two goods are wa..
In a paper, analyze the relationships among total and average fixed cost, variable cost, and total cost. Address what happens to price and quantity with changes in demand and supply. You will need to identify then define the relationships.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
Discuss the role of asymmetric information in the development and application of environmental policy. Give an example and discuss how you would go about implementing an emission abatement policy in that particular situation.
Write an essay to explain in details macroeconomics balance as a basic concept of modern economics.
A trend analysis for a farm business could be performed using what kind of data for comparison?
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Which of the following give the real value of a variable? Check all that apply. Which of the following give ..
What level of money supply should the central bank set next year if it wants an inflation rate of 4%? What growth rate should the central bank set for the money supply if they want inflation to be steady at 2% per year?
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
The problem is that the professors also want to attend the party and enjoy the music with the students but they can only attend if they agree to serve beer to the students. Normally, professors do not like this. The marginal cost to them is 200.
q1. write a 1050- to 1250-word report in apa format advising the president of rodamia making recommendations for
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