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The marginal revenue product of labor for an electronics firm is MRPL = 50 - L, where L = the number of workers. If the wage of electronics workers is $20 per worker, then how many workers will the firm hire?
Discuss the advantages and disadvantages of financial statement analysis. Also discuss how it can help a manager make decisions and how it might mislead you?
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand.
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
Could Boeing's margin probable rise or else fall if yen then depreciated as well as competitor prices were unchanged.
Illustrate what will be the effect on the level of checkable deposits.
The methodology of combining forecasts is best described as
Gains from trade will result if a country specializes.
Break out the components of the $28 marginal revenue from the seventh unit sale at $38.31-that is, how much revenue is lost per unit sale relative to the price that would move six shirts per color per day?
Consider the argument made by Thad Williamson, article 3.4 in Real World Micro . Does "more" make us happier? If not, then why do we produce more? In your answer, consider the difference between the circuit of production under capitalism and that..
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
A monopolist with a straight-line demand curve finds that it can sell one unit at $9 each or nine units at $1 each. Its marginal cost is constant at $4 per unit.
Illustrate what implicit assumptions is the publisher also the analyst making about price elasticity.
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