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If consumers perceive several goods to be homogeneous, they believe the goods to be,
a perfect complements
b perfect substitutes
c of poor quality
d inelastic with respect to price
Manuel%u2019s uses a 4-year planning horizon and a 10 percent per year MARR. Based on an internal rate of return analysis, which ERP system should Manuel purchase?
Assume that a firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
Substantially dependent on minimally dependent on totally dependent on independent of
Why is an understanding of Illustrate what development means crucial to policy formulation in developing nations. Why do you think a nation may have difficulties in agreeing on a rough definition of development.
q1. given the goal of maximization of firm value and shareholder wealth we have stressed the importance of net present
A shirt company spends $1,000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $8 worth of labour and energy. Illustrate what is the marginal cost of a shirt.
hire many more employee than were available on the island. As a result, prices for goods and services rose dramatically across the board.
Explain how does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter.
A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant. The firm is able to accurately measure the productivity of individual workers who make windshield w..
q.consider a perfectly competitive market in which the market demand as well as curve is given by qd 20 - 2pd as well
Compute the percentage that alter in quantity demanded of plane rides and train rides.
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