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Consider the following production function f(k,l) = k^1/3 + l^1/3
Suppose the government taxes labor at by an amount t per unit of labor. Rewrite the long run cost function including the tax.
Business Economics, Economics
Question 1: The Toronto Blue Jays raises ticket prices from $100 to $120 per seat and experience a decline in ticket sales from 12000 to 10000 per game. i) What is the elasticity of demand for tickets? ii) Assuming the m ...
Why hasn't health care in Australia been entirely privatised, according to Boxall and Gillespie? Should health care (in Australia) be wholly privatised? Do you think it will be in the future?
The demand for bedspreadsis P ? = 150-4 QD . The supply of bedspreads is P ? = 125+5 QS . What is the equilibrium price of a bedspread and what is the equilibrium quantity of bedspreads?? The equilibrium price is ?$()a ...
Identify a recent merger/acquisition and use it to and explain: was the merger/acquisition predominately about gaining economies of scale or economies scope?
A research group needs to determine a 90% confidence interval for the mean repair cost for all car insurance small claims. From past research, it is known that the standard deviation of such claims amounts to $124.88. (a ...
1. Explain why Fukayama thinks we are at the "end of history". How do you respond to his contention? 2. Explain what information a Lorenz curve gives you. How is this information summarized by a Gini coefficient. 3. Expl ...
A sample of N = 4 individuals is selected from a normal population with μ = 70 and σ = 10. A treatment is administered in the sample, and after the treatment, the sample mean is found to be = 75. a. On the basis of the s ...
Explain how financial leverage at investment banks differed from financial leverage at more traditional commercial banks. What is the benefits of this leverage? What are the primary risks associated with financial levera ...
Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...
Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 7.55 in a normally distributed population.
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As