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According to the rule for optimal input usage, a firm should hire a person as long as his or her marginal revenue product is greater than his or her marginal cost to the company. it is well known that many companies have management training programs in which new trainees are paid relatively high starting salaries and are not expected to make substantial contributions to the company until after the program is over,(programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rule
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
Each bundle that the consumer chooses, draw the indifference curve that goes through that bundle.
Assume which the United States presently both produces kumquats and imports them.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
When a society under allocates resources to the construction of a good or service, it indicates
21st century insurance offers mail-order auto mobile insurance to preferred risk drivers in the Los Angeles area.
Elucidate why a firm might want to produce its good even after diminishing marginal returns have set in and marginal cost is rising.
illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit. Explain in words and with graph.
Which determinant of demand changes in the personal Computer marketplace as more persons become interested
Elucidate how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated with a decision to purchase a home.
Unlike the physical supply chain, inefficiencies characterize the financial supply chains of most companies.
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