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You are tasked with manufacturing 12 commercial aircraft per month. A new OSHA rule requires that welders be given paid 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using the isoquant isocost graph as an aid, explain what will happen to the capital-labor ratio (K/L) in both the short run (when capital is fixed) and the long run (when capital can change). Illustrate your answer using the isoquant/isocost diagram. (Hint: The change in the law is equivalent to a change in technology.)
Explain what you would rather maximize your total or marginal utility? How do you think you would determine when to stop consuming if you were at an all you can eat buffeted?
Basically, speculators borrowed pesos also after that sold pesos for dollars in the open marketplace.
Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.
A health insurance company knows that there are two types of customers (smokers and non-smokers), each facing different health risks. Explain the problem of “adverse selection” and the problem of “moral hazard.” Give one example of a market in which ..
q. a consulting firm estimates the demand by local businesses for attendance at a pro sports teams gamespb 140 - 4ab
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
Machine A costs $20,000 to purchase and is worth $5,000 in 6 years. Machine B costs $10,000 to purchase and is worth $2,000 in 4 years. Assume that these machines are needed for 24 years and can be repurchased at the same price in the future. (use 10..
q1. how could you use cost volume profit analysis in a products of choice. explain its benefits and limitationsq2.
City Farm Insurance has collection centers across the country to speed up collections. The company also makes its disbursements from remote disbursement centers. If City Farm has $5 million per day in collections and $3 million per day in disbursemen..
Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
What do the monopolistic firms and the Trans Pacific Partnership (tpp) have in common and how the monopolistic firm will be effective. Will the profit increase or decrease.
Use the following to answer the questions below: z is the marginal utility per dollar, x is the amount spent on product A, and y i the amount spent on product B. Assume MUA = z = 10 x and MUB = z = 21 2y. Assume that the consumer has $10 to spend on ..
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