Assume a firm has 2 inputs in its production​ function, labor and​ capital, and can adjust the amount of either one of these inputs in order to increase output. Assume the marginal product of a unit of capital is always twice as high as the marginal product of a unit of labor​ (this is true regardless of how much labor and how much capital the firm​ employs). If the firm wanted to expand​ output, would they ever do so by increasing the amount of labor​ employed? Why or why​ not?

Apply internal quality concept on a restaurant of your choice

Isoquant Analysis. A firm with production function q = K^1/4L^1/4 operates with variable labour and variable capital. The firm sells output at a competitive price p = 80 and hires labour at w = 2 and capital at r = 0.5. This firm

1. will produce q =
2. will hire L =
3. will lease capital K =
4. will incur total cost C =
5. will earn profits π =

Now the price rises to p = 120. This firm

1. will produce q =
2. will hire L =
3. will lease capital K =
4. will incur total cost C =
5. will earn profits π =

The subject of International Business Environment

Compare the action of a company using a multinational strategy versus a company using a global strategy when entering new markets. Illustrate your comparison with current examples (from within the last three months).

The subject of Organizational Behaviour and Management

Post a short profile of the subject of your leadership assignment and explain his/her leadership style. Be prepared to defend your analysis by referencing leadership theories from the text and your external research.

The subject of Organizational Behaviour and Management

What elements of organizational culture are important for you? Do you think organizational cultures can span generations? Do you think it is possible to change an organizational culture? Why or why not?

i)Explain why monetarists would argue that control of inflation is the most effective
method of achieving growth in the economy.
ii)Mention four reasons why a government may have difficulty in implementing
discretionary stabilisation successfully.

1. Lebanon is currently facing both a foreign debt crisis and a banking crisis. What is the difference between the two? Discuss their implications for Lebanon. How can Lebanon recover?

2. Reflect on levels of economic development and crises like those that currently face Lebanon. How does corruption and fiscal mismanagement leave a country vulnerable to economic disaster? What are the implications of this? How is the situation exacerbated by the novel coronavirus pandemic?

3. How does Lebanon’s persistent trade imbalance contribute to its foreign debt crisis? Would a floating exchange rate help to alleviate the situation? Explain the relationship between exchange rates and imports and exports.

1. Please explain why, at times, there may be conflict between “street cops” and “management cops.”

2. Law enforcement agencies are often described as bureaucracies, why?

Differences in the stock of technology between nations are an example of a(n) ________.

Group of answer choices

fundamental cause of prosperity

proximate cause of prosperity

explicit cause of prosperity

implicit cause of prosperity

The ________ claims that the way societies have organized themselves and shaped the incentives of individuals and businesses are at the root of the differences in prosperity across the world.

institutions hypothesis

culture hypothesis

geography hypothesis

location hypothesis

The ________ hypothesis claims that differences in natural environment, such as climate and ecology, are ultimately responsible for the major differences in prosperity observed around the world.

ecology

location

geography

climate

Countries in sub-Saharan Africa are economically disadvantaged because infectious diseases spread in these countries relatively easily. This statement reflects the ________.

culture hypothesis

location hypothesis

geography hypothesis

institutions hypothesis

Scenario: In a closed economy without a government, the consumption expenditure equals $5,000 and the investment expenditure equals $2,000.

Refer to the scenario above. If the population of the economy is 200, the per capita national income is ________.

Group of answer choices

$35

$17

$50

$10

A hypothesis states that religious teachings, family ties, and/or social norms are the causes of economic prosperity. According to this hypothesis, ________.

geography is a fundamental cause of prosperity

culture is a proximate cause of prosperity

institutions are a fundamental cause of prosperity

culture is a fundamental cause of prosperity

Differences in the stock of physical capital between nations are an example of a(n) ________.

proximate cause of prosperity

implicit cause of prosperity

explicit cause of prosperity

fundamental cause of prosperity

Differences in the stock of human capital between nations are an example of a(n) ________.

proximate cause of prosperity

fundamental cause of prosperity

explicit cause of prosperity

implicit cause of prosperity

Scenario: In 2010, world GDP per capita was $9,500. In the same year, the Economist magazine forecast that in 2020, world GDP per capita would be $15,000

Refer to the scenario above. If the Economist magazine's forecast is correct, then the growth rate per decade from 2010 to 2020 would be approximately ________.

5 percent.

60 percent

50 percent

6 percent

Scenario: In 2010, world GDP per capita was $9,500. In the same year, the Economist magazine forecast that in 2020, world GDP per capita would be $15,000

Refer to the scenario above. The Economist magazine also forecasts that the rate of growth will remain constant through 2030. If this is correct, then world GDP per capita in 2030 will be closest to ________.

$20,000

$26,000

$24,000

$22,000

Scenario: In a closed economy without a government, the consumption expenditure equals $5,000 and the investment expenditure equals $2,000.

Refer to the scenario above. What is the national income of the economy?

Group of answer choices

$7,000

$10,000

$5,000

$2,000

"Forecasting is both an art and a science." Discuss with particular reference to Panel Consensus and Econometric Method.

Party Politics Affect on Legislative Process

How does party politics affect the legislative process?

What branch is the most powerful? how/why?

1. How to achieve economic development without compromising the use of natural resources by future generations?
2. How to get to have an acceptable Human Development Index (in the countries that still do not enjoy it) if it is not yet possible to achieve sustainable development in these countries? . Use countries with low and medium HDI as examples