QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and...

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business economics

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Answer 1

Answer #1

Q2) option B)

as Slope of isocost line = Price of capital / price of labor

So it gets steeper if PK rises

Q3) option A)

individual is risk lover, that's why he plays bet

Q4) option B)

This law states that mean of the results obtained from a large number of trials will get close to its expected value.

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Answer 2

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QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and...

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QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and the price of labor stays t...

2 poin QUESTION 2 Afirm uses two inputs: capital and labor. The price of capital increases and the price of labor s...

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A firm uses labor (L) and capital (K) as inputs, and has a short run cost function C=15+ 10q+ q2. Capital is fixed at K̅

QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and...

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Add Answer to: QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and...

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QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and the price of labor stays t...

2 poin QUESTION 2 Afirm uses two inputs: capital and labor. The price of capital increases and the price of labor s...

QUESTION 1 A firm uses two inputs in production: capital and labor. In the short run,...

Question 7 rding to the production function: uses labor and machines to produce output according to...

A firm uses labor (L) and capital (K) as inputs, and has a short run cost function C=15+ 10q+ q2. Capital is fixed at K̅

Add Answer to:
QUESTION 2 A firm uses two inputs: capital and labor. The price of capital increases and...