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suppose that the short run production function of shoe manufactured by certain ethiopian firm is given byq=4lsquare-0.2lcube where q reprsents the anual quantity of shoe quantity of shoe produced find AP of labour and MPof labour
Find the value of L that maxmize the out put
Find the value of L that maxmize marginal product
Find the valurle of L that maxmize averge product
What is the trade-off or opportunity cost of the freeway upgrade
Given the demand function P = 20 – 5Q, find the price elasticity of demand when price of the commodity is 5 Birr per unit. Mention if the demand is price elastic or inelastic at this point
If the South African Reserve Bank (SARB) increases the repo rate from 4% to 6% by how many basis points did the repo rate increases?
Erectors Co. owns earth moving equipment that cost After 8 years it will have estimated salvage value of P18,000.00 Compute the depreciation charge for straight line method for first two years and the book value at the end of 5 years.
(A/G, i%, N) (x) = (P/G, i%, N)
Suppose that “Colgate” sells its standard size toothpaste for Ksh 35. Its sales have been on an average
9000 units per month. Recently, its close competitor “Close–Up” reduced the price of its standard size
toothpaste from Ksh 45 to Ksh 40. As a result, Colgate’s sales declined by 2500 units per month.
(i) What is the own-price elasticity of Colgate when the price rises from Ksh 35 to Ksh 40?
(ii) Calculate the cross elasticity of demand between the two products on the market and show how
the two products are related.
The market demand and supply equations for theme park in a city are given by P = 30 – 0.005QD and P = 10 + 0.005QS, where P is the price in dollars and QD is the quantity of theme-park tickets demanded and QS is the quantity of theme park ticket supplied.
Explain the implications of the welfare of consumers, producers and the society when the price of theme park ticket is fixed at $15. Support your answers with a graph of the theme park tickets market.
2 Of the three production stage ,which stage is efficient region in production,why/why not?
The Saudi Arabian Oil Refinery developed an oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use unit or factor method in computing depletion.
