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Let bundle A = (1,9) and bundle B = (2,5). Given these two bundles, what is the market rate of substitution? 

Consider a firm that produces two products. The firm’s cost function is:    a. Let  and . What is the cost of producing this level of output together? What is the cost of producing this level of output separately? b. Does this firm exhibit economies of scope? Explain. c. The marginal cost of producing is:  and the marginal cost of producing is:  Does this firm’s production process exhibit cost complementarities? Explain your reasoning. 

The consumer is currently maximizing utility at bundle: (X,Y) = (10,6) . The price of good Y falls. If X and Y are substitutes, which of the following is their new optimal bundle?

Consider the following production function What is the average product of labor? 

Carnegie Steel used to be one of the most powerful companies in the nation. Carnegie Steel controlled their own steel mills, mines where iron ore was extracted, and even the ships that transported the iron back to the railroads to be shipped.  The company controlled almost every aspect of producing steel. Based off this description and in the context of steel production, Carnegie Steel most likely obtains inputs using which strategy? 

Police subculture can develop partly because officers often work under dangerous and unpredictable conditions.

Police discretion refers to an officer’s authority to

= 0.6 m, θ1 = 60°. Compute x = a1 cos θ1.

Order maintenance policing focuses only on serious felony crimes.

Lactic acid fermentation commonly occurs in