Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The production function for (a Music company ) their CDs is q= 25*K*L , where q is the number of CDs produced each month, K is the hours of equipment used, and L is the hours of labour. The marginal products of labour and capital are 25K and 25L respectively. Workers are paid $8 per hour and the equipment rental rate is $8 per hour.
a) Determine the cost-minimizing capital-labour ratio for this firm.
b) How much does it cost to produce 10000 CDs?
c) Suppose that the rental rate decreases to $6 per hour. What is the new cost-minimizing capital-labour ratio?
monetary policy
Discrimination: As a result of sexist and racist attitudes and deliberate efforts of employers to oppose groups of workers against each other, different groups of people (divided a
How might a firm in an oligopolistic market attempt to increase market share? Explanation of oligopoly; concentration ratio, producer sovereignty Explanation that oligopolie
Suppose that Congress increases the minimum wage to $10 an hour. a. Use a supply and demand model for unskilled labor to show the effect on the number of unskilled workers employed
when does market equilibrium occur?
Tariff: A tariff is a tax imposed on the purchase of imports. It is generally imposed in order to stimulate more domestic production of the product in question (rather than meeting
what are the limitations of economies of scale?
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
meaning of economics laws
graphing a isoquant
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd