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Assume a firm employs 10 workers and pays each $15 per hour. Also assume that the marginal product of an 11th worker would be 5 additional units of output per hour and that the price the firm receives for its good is $4 per unit. In the short run, a. the firm should hire at least one additional worker. b. the firm should reduce the number of workers employed. c. the firm should continue to employ exactly 10 workers. d. more information is required to answer this question.
Which of the following income streams will i choose if the interest raate is 50%:
Law of demand does not hold since attendance at the major league parks has dropped while at the same time ticket prices have fallen.
q. this graph shows the quantity of electricity that consumers demand by the government at a regulated price set. each
q.hiro nakamura is ceo of the cola king bottling company a small regional producer operating in the pacific northwest.
Explain how will my family's consumption of omelets change this week and why. Chickens by the way do not respond to published prices in their decision as to lay eggs.
elucidate how the changes in the monetary policy effectiveness lag and the interest-rate multiplier affects how much and how long monetary policymakiers must change interst rates in response to any given demand shock.
Your banker has told you that beyond $25 million you will not be extended additional credit.
What is cross elasticity of demand? How can it be used to tell if goods are substitutes for each other or complementary to each other? What is the rationing function of prices? Should health care be subject to this type of rationing? Be sure to comme..
Annual Work Hours = ? + ?*(Average Hourly Wage) + ? You gather data on US workers aged 22 to 55 from the Current Population Survey. You define the Average Hourly Wage as self-reported total annual labor income divided by self-reported total annual wo..
What is the expected return of migrating to the city? Show your work. Determine whether the individual should migrate to the city or not. Show the criteria used in making his decision.
Assume that the market for salad dressing is in equilibrium. What will happen to the price of lettuce rises.
Cadie's Candy Shop (CCS) makes a special kind of candy that has become very popular with its customers. The marginal cost of producing this candy is constant. It is equal to $3.5 per box. At a markup of 80%, what price should CCS charge for its candy..
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