N4 Suppose that the production of crayons (q) is conducted at two locations and uses only labor as an input. The productionfunction in location 1 is given by q = 10/95 and in location 2 by q2 = 50/5.a. If a single firm produces crayons in both locations, then it will obviously want to get as large an output as possible giventhe labor input it uses. How should it allocate labor between the locations to do so? Explain precisely the relationshipbetween /, and z.b. Assuming that the firm operates in the efficient manner described in part (a), how does total output (9) depend on the totalamount of labor hired (D?Question is attached below. Please help mewith the solution of part B. Thank youu

Answered: amount of labor hired ()?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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gle Chrome /evo/index.html?deploymentld%3D56736719115714608139104112999&elSBN=9781337096607&snapshotld=1586258&id%3709153660& Q Search this course * CENGAGE MINDTAP Homework (Ch 11) 5. Interest, inflation, and purchasing power Suppose Alyssa is a cinephile and buys only movie tickets. Alyssa deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fixed-that is, it won't change over time. At the time of her deposit, a movie ticket is priced at $20.00. 100 movie tickets. Initially, the purchasing power of Alyssa's $2,000 deposit is For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming it rises at the rate of inflation. Then enter the corresponding purchasing power of Alyssa's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your…
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Barter Multiple Choice is the major means of exchange in centrally planned economies. accounts for over 30 percent of the dollar volume of all exchange in the U.S. economy. entails the exchange of goods for goods. is used to circumvent the problem of a lack of coincidence of wants among potential buyers and sellers. 18 11,027 Saved AUG 24
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