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Sources of inputs into the microeconomics in context model include:
a. products of photosynthesis
b. minerals synthesized in exploding stars
c. fossil fuels
d. all of the above
Business Economics, Economics
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Suppose that a firm had a production function given by: q=2L0.5K0.5. The rental rate for the firm is $10 and the wage is $5. Solve the optimization condition for K and then fill in the value that appears in front of L. K ...
There is a proposal for a new Special Economic Zone in New Jersey. Based on the other examples of SEZs that we have read about, what are the pros and cons of this policy for various stakeholders?
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