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A Publishing company uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, & the price of a printing press is $5,000. The last printer added 20 books to total output, & the last press added 1,000 books to total output. Is the company making the optimal input choice? Why or why not? If not, how should the manager adjust input usage?
All Industries can increase the volume of goods or services sold by cutting prices.
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
Competitive free marketplaces maximize the utility of those who participate in them; they also maximize society's total utility.
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.
If the average employee compensation grew at the rate of 3.5% per year, explain how many years would it take for it to double.
Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.
explain the difference among moving along a curve and shifting the curve. Assume a market is in equilibrium and the demand curve shift to the right, describe the market adjustment process in restoring equilibrium.
Avocado farmer, Mrs. Henny Brown is worried about wealth transfer also unjust taxation.
How much profit does an unregulated monopolist earn. How much profit would be earned if MC pricing were imposed
Suppose also that ham and cheese are the only goods that this person buys and that bread is free.
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