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Q1. Firm ABC measured its MP of labor curve to be the following:
MP = 4000 - 2L where L is the number of hours of labor hired per day.
ABC produces gadgets that are sold for $20 each and is able to hire workers for $10 for every hour. Elucidate for how many hours of labor should ABC hire each day to maximize its profits? Q2. Suppose that the world price of automobiles is $20,000 and automobile manufacturers in country a use $10,000 worth of imported inputs and no domestic inputs. What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry?
The scholarship is to provide $5,000 the first year increasing by $500 each year thereafter to a maximum of $10,000 per year. On the assumption that the scholarship will start at the end of the first year and continue forever, what endowment must ..
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
What cost does an impact industry pay for capital. What is the total price of producing 120,180, and 240 units of output in the long run.
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
If the total fixed cost increases to $5,000, Elucidate how many papers should be sold daily for profit maximization.
If we know that expansionary monetary policy cannot create real economic growth in the long-run, why would it ever be used in the short-run?
Metro claims that at the time of its loan it was unaware of HFCs interest. Between these parties, who has priority to the collateral? Discuss your answer.
Choose at least two (2) risk implementation considerations you need to decide (in advance) within a project. Provide a rationale for your response.
Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.
During Great Depression, businesspeople in United States were very pessimistic about future of economic growth and reluctant to increase investment spending even when interest rates fell. How did this limit potential for monetary policy to help al..
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.
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