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1811 A producer is hiring 20 units of labor and 6 units of capital (bundle A). The price of labor is $10, the price of capital is $2, and at A, the marginal products of labor and capital are both equal to 20. In equilibrium, Открыть
1812 Which of the following is FALSE? Открыть
1813 Suppose that when a firm increases output by 50%, long-run total cost increases by less than 50%. The firm will experience Открыть
1814 The expansion path shows how Открыть
1815 A linear specification, Q = aK + bL, is not appropriate for estimating a production function because Открыть
1816 Which of the following is an estimable form of a production function? Открыть
1817 Which of the following represents a short-run cubic production function? Открыть
1818 With a cubic production function of the form, in order for the average and marginal product functions to have their usual theoretical properties, it must be the case that Изображение Открыть
1819 For a misdemeanor case, the prosecutor typically files a(n) __________, a formal expression of the charge(s) against the defendant. Открыть
1820 A short-run production function was estimated as What is average product when it is at its maximum level? Изображение Открыть