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Lab2.4 - FaseehRiaz Student#210867588 .Throughnumericaland...

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Faseeh Riaz Student#210867588 Comments This spreadsheet highlights a fundamental economic relationship. Through numerical and graphical data, it attempts to highlight the relationship between the output of a firm and its avaliable resources. Specifically, resources refer to the amount of machinery and labour that the firm has at its disposal. Total capital investment can be expressed as K = eL + M,where the coefficient e (a constant) implies that a unit of investment in labour is  equivalent to more or less than a unit of investment in machinery depending on whether e is  greater than or less than 1. Investment (K), it can be split between investments in labour and mac and that it could be possible to choose investments in L and M in such a way as to maximize  output supply(S).The spreadsheet model that has been developed will investigate this graphically
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  • Spring '08
  • paschakis
  • Microeconomics, Harshad number, #, Faseeh Riaz, Faseeh Riaz Student, 0 2 99.60550 4 55.90170 6 39.87331 8 31.37377 10 26.05004 12 22.37814 14 19.68045 16 17.60793 18 15.96178 20 14.62009 22 13.50380 24 12.55931 26 11.74890 28 11.04528 30 10.42815 32 9.88212 34 9.39527 36 8.95824 38 8.56358 40 8.20525 42 7.87833 44 7.57875 , 210867588 M

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