1a. The production function for computers is q(K,L) = 7K1/3L2 where K=capital and L=labor. A firm has two units of capital (K=2) which it cannot change. A manager wants to know the marginal productivity of labor if the firm goes from 2 to 3 workers. Calculate the marginal productivity of labor for the manager. Explain your answer carefully to the manager who is not familiar with what the marginal productivity of labor means.
1b. Last year the price of bread was $2.26 and Jen bought 4 loafs of bread. This year the price of bread is $2.57 and Jen bought 3 loafs of bread. Calculate the price elasticity of demand for bread. Explain your answer to the bread delivery person.
1c. Explain why in the short run a firm may not be able to change its inputs.
In: Economics
When we defined the term “auteur” we said that these directors generally “have a distinctive style from film to film.” In the films that you saw how would you describe Spike Lee’s distinctive style? What do the films have in common? - Give a personal critic of the films you watched. Did you like them? Explain why you liked or disliked them
In: Economics
How would you define sustainability as the term applies to your personal life and lifestyle? Why do you think there are many different definitions of the term? how would you define sustainability for a business?
In: Operations Management
Explain what is RTS/CTS scheme. How can they mitigate the exposed node and hidden node problems?
In: Electrical Engineering
Is low-involvement learning really widespread? Which products are most affected by low-involvement learning? Please explain it in 500 words.
In: Operations Management
Select a lightest American Standard Channel that will safely support a tensile dead load of R/2.5 kN and a tensile live load of R/2.0 kN. The member is 5m long and is i to have one hole for an 18 mm bolt through each flange. Use U=0.85, A36 the AISC Specification.
take R=1266
In: Civil Engineering
Identify the five main values/elements of the American political culture. Explain the meaning of each value. Show how these values shape our laws and influence our political and economic behavior.
In: Economics
To what extent does your company use technology to conduct its marketing process? Please explain it in 500 words.
In: Operations Management
3. Briefly name and describe two (quantitative) measures of competitive balance. Which measure do you think best captures the concept, and why?
4.Explain the link between diminishing returns and competitive balance.
5.Explain the invariance principle, i.e. why, with or without Free Agency, Babe Ruth (perhaps history’s most famous baseball player) was destined to play for the Yankees.
In: Economics
Marginal Incorporated (MI) has determined that its before-tax cost of debt is 10.0%. Its cost of preferred stock is 11.0%. Its cost of internal equity is 14.0%, and its cost of external equity is 18.0%. Currently, the firm's capital structure has $470 million of debt, $150 million of preferred stock, and $380 million of common equity. The firm's marginal tax rate is 25%. The firm is currently making projections for the next period. Its managers have determined that the firm should have $92 million available from retained earnings for investment purposes next period. What is the firm's marginal cost of capital at a total investment level of $358 million?
In: Finance
Construct an original numerical example of a Ricardian model in which one country has an absolute advantage in the production of both goods.
In: Economics
Reaction enthalpy for ethanol oxidation, C2H5OH+3O2 -> 2CO2 + 3H2O is 1257 kJ/mole.
Energy content per mol fuel ______kJ Energy content per gram fuel = ____________ kJ
Energy released per mol CO2 formed ________ kJ Energy released per mol O2 consumed= ______ kJ
Moles of CO2 formed per 1000 kJ energy released ___________
In: Chemistry
A neighboring city looks identical in every way (except each house in the neighboring city requires only half the electricity and only ¼ of the water is produced for use compared with the city in the above questions – which sacrifices 1 unit of water for 1 unit of electricity). Use comparative advantage to determine which city will supply water and which will supply electricity. Estimate the price range of electricity in terms of water.
In: Economics
A 456 g oscillator has a speed of 98.0 cm/s when its displacement is 3.00 cm and 69.0 cm/s when its displacement is 5.30 cm.
What is the oscillator's maximum speed?
In: Physics
Durable goods 400
Non-resident investment 300
Federal purchase of goods 300
Exports 500
State and local purchases of goods 250
Residential investment 5
Imports 150
Change in business inventories -25
Nondurable goods 600
Depreciation 50
Net factor income from abroad 30
Determine:
i) Personal consumption expenditures
ii) The value for gross private domestic investment
iii) The value of Net Exports
iv) The value of government spending in
v) The value of gross domestic product (GDP)
vi) The value of GNP
vii) The value of NNP
2. In an economy, Y (national income) + C (Consumption) + I (investment). If consumption + $50m + 0.75Y, planned investment = $180m and national income = $800m, realised investment will be:
$50m
$100m
$200m
$300m
In: Economics