T-shirts can be represented as q = L0.25 K0.75. When K = 1 and q = 2‚ what is the slope of the isoquant? If there is insufficient information to answer the question‚ describe what information is missing. In the short run‚ MPL = 0.25 * (q/L). The change in MP with respect to L equals d(MPL)/dL = -0.25 * q/L2. Thus‚ for all levels of labour hired‚ MPL falls as L increases. III. Consider the following short-run production function: q = 5L2 – (1/3)L3. At what level of L do diminishing marginal returns
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Reading: Microeconomics of Customer Relationships Reading: Microeconomics of Customer Relationships The follow is a critique and review of the reading of Microeconomic of Customer Relationships by Fred Reichheld. I will review the article and evaluate Mr. Reachheld. I will also apply economic theories into why and how I came to my conclusions. Overview on the Reading Microeconomic of Customer Relationships by Fred Reichheld is based on a simple survey based customer-relationship metric
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Emi Fumita Sari 12000191 ES4E-1C English Practical Homework week 1 1. Find three examples of different brands that sell the same category of products. What is the value promised for each of them? 2. How can you explain the fact that sometimes products keep on getting better and better but still they won’t sell? 3. Focus on ethics: Is it fair that a retail chain can exert so much power over a supplier? Are there any benefits to consumers? Nike‚ Adidas and Puma are the examples of different
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branches that is micro and macroeconomics MICROECONOMICS: Micro means ‘Small’ so it indicates study of small economic units. The word micro is derived from a Greek word Mikroos. Microeconomics is the study of the economic system from the perspective of households and business firms; it focuses on the nature of individual consumption and production units within a particular market or economic system. Also Microeconomics is the study of decisions that people and organizations make
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Carlos Santos AC553 ‐ Federal Taxes and Management Decisions Professor Robey Friday‚ January 06‚ 2012 Homework Problems (Show your work.): 3-31‚ 3-32‚ 3-36‚ 13-55‚ and 13-69 3‐31) Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $11‚950 and four exemptions. Assuming an adjusted gross income of $40‚000‚ what is their taxable income for 2011? AGI $ 40‚000.00 Itemized Deduction > Standard (11‚950.00) 4 Exemptions (14‚800.00) Taxable Income
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Medina‚ Karen E. November 15‚ 2013 IS1133 Prof. Liggayu Homework 1. Definition of Foreign Policy. a. Foreign Policy is the use of political influence in order to induce other states to exercise their law-making power in a manner desired by the states concerned: it is an interaction between forces originating outside the country’s borders and those working within them 2. Patterns and Elements of Foreign Policy. a. In the search for identifiable patterns
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Assessment Task 1 The role of a set designer: A set designer organizes the physical surroundings of a stage. They decide which furniture; décor; props and scenery will best portray an effect on the audience. The set of a production/play implies the style and tone of the entire production as well as sets the mood and creates a compelling atmosphere to the audience. The set also portrays time and place in which scenes are set. They must be careful to avoid any historical inaccuracy in the surroundings
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BUSINESS ECONOMICS 545-PROJECT 1-MICROECONOMIC ANALYSIS KELLER GRADUATE SCHOOL OF MANAGEMENT Comments from Professor: Need more content next time. no Elasticity calculatio‚ No profit maximization‚ minimal on determinants Abstract Cindy wants to invest in a new business that involves the installation of solar panels. In order to make an informed decision on this business venture‚ she will need to review potential profit/loss in the solar panel industry by considering future prospects for this
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however is not as cut and dry as it may sound‚ for humans are fickle and finicky by nature. The study of economics and be divided into microeconomics and macroeconomics. Macroeconomics is the study of the entire economy in a society. It takes into consideration the rate of inflation‚ business cycles‚ business growth and the rate of unemployment. Microeconomics is the study of individuals and how their choices influence the flow of the economy. For example‚ the price of gas in California is about
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