Some economists believe that the u. s. economy as a whole can be modeled with the following production function, called the cobb-douglas production function: yy = = ak13l23ak13l23 where yy is the amount of output, kk is the amount of capital, ll is the amount of labor, and aa is a parameter that measures the state of technology. for this production function, the marginal product of labor is:

Sean has placed a job ad and is now interviewing potential employees. which of the following questions is he legally allowed to ask during the interview? do you have any disabilities that will require special accommodation? how many children do you have? where did you earn your degree and how has it prepared you for this position? is this your maiden name that you have listed on the job application?

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a