Business, 21.11.2019 21:31 laurieburgess804
The mayor proposes financing the museum with a lump-sum tax of $24 and then opening the museum to the public for free. how many times would each person visit? calculate the benefit each person would get from the museum, measured as consumer surplus minus the new tax.
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Business, 22.06.2019 20:30, smarty5187
(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?
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