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Consider the following short run production function.
Q
0
15
35
60
90
115
135
150
160
165
167
168
L
1
2
3
4
5
6
7
8
9
10
11
Set up a table that includes the total product, average product and marginal product of labour. Is this production function consistent with diminishing returns?
suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned
David has £5000 that he wishes to save for six years. Bank A offers him an interest rate of 4% per annum compounded monthly. Bank B offers him an interest ra
what is indirect utility function?
A perfectly competitive firm hires its machines at a constant rental rate of r = 5 euros per unit and its workers at a constant wage rate of w = 4 euros per unit. It can also sell
The town of Dusty View, Saskatchewan has only two residents - Justin and Sarah - and has a water supply shortage in the summer. The municipal water utility charges a break even pri
Consider the following short run production function. Q 0 15 35 60 90 115 135 150 16
give detail example about them?
Suppose you have a model of capital investment by a U.S. rm. Imagine that yt, x1t and x2t are annual measures of investment, lagged pro t, and lagged capital stock, all in real do
how run ditributed lag model and how select lag length?
how to remedial of multicollinearity??
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