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The Dominion Freight Company has invested $50,000 in a new sorting machine that is expected to produce a return of $7,500 per year for the next 10 years. At a 7% annual interest rate, is this investment worthwhile?
Suppose that the tax of $28 is levied on each item sold by a monopolist, and as a result, it decides to raise its price by exactly $28. Why might this decision be against its own best interests?
In the immediate market period for a highly-perishable crop like tomatoes, the individual farmer's supply curve tends to be:
Now fill in the column for Marginal Cost. Illustrate what pattern do you see
Assuming that price of labor (L) and capital (K) are 12 and 3, respectively. One manufacturing company is facing production function given as Q = LK. What will be the input combination based on the aforementioned information to minimize the cost? Sup..
All of these methods help an organization mold strong, smart, motivated employees that know how to do their job and can help the organization smoothly.
Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
A monopoly has a demand curve of D (p)=150-3P. If marginal cost is equal to 2, what is the profit maximizing quantity?
Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
Based on information provided in my scenario, Illustrate what is value of marginal product. How many employees should you hire. Illustrate what wage should you set for your widget making employees.
Compensation plans usually include a variety of benefits. Name the three benefits that would be most important to you as part of your personal compensation package.
Illustrate what are the explicit, implicit, and total economic costs of the firm. How much economic profit does the firm earn.
The demand for luxury goods is more price elastic than is the demand for necessities. Why do you believe this is the case or if you disagree explain your reasoning?
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