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A competitive fi rm uses two variable factors to produce its output, with a production function y = min(x1,x2). The price of factor 1 is $8 and the price of factor 2 is $5. Due to a lack of warehouse space, the company cannot use more than 10 units of x1. The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount?
Should United States government approach favors certain kinds of immigrants. Should citizenship preference be given to the neediest applicants.
Can goals like avoiding unethical or illegal behavior be in conflict with the goal of the firm. Explain how does this complicate the agency problem.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
elucidate only the effect of recession on the country. Due to floods a country suffered from recession but gradual triggered growth in the manufacturing sector in the following years.
Select a multinational firm of your choice and describe its corporate-level and business unit-level strategies. Support your answer with relevant data.
Elucidate is the efficient yearly output of paper and how can this be achieved.
argue the relationship among the marginal cost also the average variable cost also among marginal cost also average cost.
Converse alternatives to GDP as a measure of economic benefits in a current economy.
Congresswoman Gaga represents a state in which several firms fabricate furniture. She needs to impose tariffs on all imported furniture.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Elucidate the effects of an increase in business investment on the short-run macroeconomic equilibrium.
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