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All else held constant, the choice whether to use labor intensive production process or capitla intensive one depends on; 1. whether the compnay is growing or shrinking. 2. the relative prices of capital labor 3. the type of market in which the firm operates. 4. the absolut prices of of capital and labor.
The Nash Equilibrium provided a new look at certain economic problems and won the Nobel Memorial Prize in Economic Sciences in 1994. Since it's creation, the Nash Equilibrium has been applied to "international relations" specifically for war and arms..
The college has annual fixed costs of $10 million, and the variable cost for each additional student is $5,000. To continue operating, the college must receive payments equal to its total costs.
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
Find out a numerical equation linking planned aggregate expenditure to output. Show the determination of short-run equilibrium output for this economy using the Keynesian cross diagram.
q.the government plans to rise state spending by 2bn in the next fiscal year. economists estimate that consumers will
q.two retail rms compete in costs in a downstream market in which base demand as well as is given by pr 1-q. the rms
When units at MNO International are isolated from one another by strong departmental or divisional lines, it refers to
What are the market equilibrium price and quantity? What is the effect of a price ceiling of 16? What is the effect of a price floor of 24? What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, an..
If the two firms each maximise profits independently, explain how much output would each firm produce. Explain how much quasi-rents would each factory earn.
The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job.
question 1.1. demand for a company product is q400-0.5p and tc2000050q3qsquare total profit is maximized at output
What is the market equilibrium cost. What is the equilibrium number of firms in the market.
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