Q. Given the subsequent short-run production function: Q = 50L + 6L2 - 0.5L3
Where Q = Quantity of o/p per week
L = Labor (number of workers engaged in production)
Compute total, (TP); marginal, (MR) also standard, (AP) products also Conclude the input level where diminishing returns begins. In completing the table, we are assuming which capital is held constant also given L values range from 0 - 10
Q. If the Chinese decided they no longer wanted to buy US assets, illustrate what would take place in the US marketplace for loan able funds? In particular to US interest rate, savings also investment?