Business, 06.08.2019 06:10 ReonRamseyz
Economists usually assume that people act in a rational, self-interested way. in explaining how consumers make choices this means that economists believea) consumers will always buy goods and services at the lowest possible prices. b) consumers spend their incomes to order to accumulate the most goods and services. c) consumers make choices that will leave them as satisfied as possible given their incomes, tastes, and the prices of goods and services available to them. d) consumers will spend their incomes and time on activities that benefit themselves as much as possible, without regard to the welfare of others.
Answers: 3
Business, 22.06.2019 20:30
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 22.06.2019 22:30
The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?
Answers: 1
Business, 23.06.2019 00:30
Which of the following emails should he save in this folder instead of deleting or moving it to another folder
Answers: 1
Business, 23.06.2019 02:30
Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.
Answers: 2
Economists usually assume that people act in a rational, self-interested way. in explaining how cons...
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