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National Hospital is the only employer of nurses in the county of Castoria, and it acts as a profit-maximizing monopsonist in the market for nursing labor. The marginal revenue product for nurses is w = 50 2N, where w is the wage rate and N is the number of nurses employed (measure in hundreds of nurses). Nursing services are provided according to the supply schedule w = 14 + 2N .
(a) How many nurses does National Hospital employ, and what wage will National pay its nurses?
(b) What is the deadweight loss arising from monopsony?
If Hotel Bethlehem can charge two separate prices for two separate blocks of guests, what are the two prices they charge? how many rooms do they ll at each price? If Hotel Bethlehem only charges one price, how many rooms do they ll? What price do t..
Define economies and diseconomies of scale, explain how each is possible, and relate each to shapes of long-run average total cost curves.
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Suppose the total liabilities are £560,000 the amount owed to unsecured creditors is £375,500, and an unsecured creditor who is owed £50,000 receives £18,000 the expenses of winding up the business are £4,500.
Analyze measures of economic growth, and comparative and absolute advantage in international trade. Determine the stage in the business cycle for Saudi Arabia's economy.
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Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242 .Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
Design a cache with cache size of one hundred twenty-eight K bytes, block (line) size of eight words, and word size of four bytes. Consider a computer with sixty-four-bit physical address. The cache is addressed byphysical address. i) Determine t..
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