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The Happyland Hospital is a monopsonist employer of nurses in the small city of Happyland. The supply function of nurses is S(W) = 0.1W- 100, whereWis the nurses' weekly wage. What is the hospital's marginal expenditure, ME? If the hospital's marginal benefit is $2000 per week no matter how many nurses it hires, what is the profit-maximizing number of nurses for the hospital to hire? What will the nurses' wage be? What is the deadweight loss?
DeBeers Consolidated Mines markets about: 45 percent of the world's rough-cut diamonds. 33 percent of the world's rough-cut diamonds. 80 percent of the world's rough-cut diamonds. 55 percent of the world's rough-cut diamonds.
An analyst created reformulated balance sheets for the yeas 2007 and 2006 as follows, Compute the free cash flow for 2007.
Why is it important for economists to understand the processes that generate individual's outcomes?
Find out the profit maximizing level of price and output. Discuss an alternative regulatory regime, and discuss the merits of both.
Utilize a various example from homes and cars. Be creative. We make these kinds of choices everyday.
Compute the economic profit of the firm if Sales-10000,material cost-3000,labour cost-2000, Administration cost-1000.
What is this controls how much we pay for goods and services. For example, when the iphone 6 came out, the supply was little or unknown so people were willing to pay a lot for the phone; the price was high.
A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is $0.5.
What are real-world examples of government intervention taxation and regulations? What are the goals of each?
Imagine a firm that hires 2 types of workers, some with computer skills and some without. If technology advances so that computers become more useful to the firm, what happens to the marginal product of the two type
Identify major cross-cultural issues that may impact the American company's marketing approach in this situation and provide a precise description of how the identified issues may impact the approach American company takes.
Illustrate what is the major pros of the real GDP measure. Construct a price index giving all products equal weight.
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