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If the MPP of an additional unit of labor is 5 units per hour, product price is constant at $3 per unit, and the wage rate is $12 per hour, then:
A. An additional unit of labor should be employed
B. An additional unit of labor should not be employed
C. The employer should lower the price to sell more units and make more profit
D. The employer should expand production
Can discoveries continue to keep up with depletion? Why or why not and is OPEC's power likely to increase, decrease, or stay the same? Why?
Two variable inputs, labor (L) and materials (M), are utilized to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is t..
Which of the following is not one of the explicit functions of the Federal Reserve granted by Congress.
Discuss the method of estimating earnings called Synthetic Life-time Earning
Corporate Bonds issued by ABC Corporation currently issued 12.1%. Municipal Bonds of equal risk currently yield 7.7%. At what tax rate would an investor be indifferent between these two bonds - What was the company's free cash flow for the year?
Why is it not possible for the Fed to predict exactly how large an increase in the money supply (M1) will result from a given open market purchase.
The problem is belongs to Economics and the problem is about the differences between Ricardian theory and Heckscher-Ohlin theory in explaining international trade patterns.
create an idea for your own mnc to conduct international business. your idea should be simplified to the degree that
what is the difference between anticipated and unanticipated inflation? how do they differ in their effects on economic
Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of money a..
calculate the monopolists profit under the following conditions. the intersection of the marginal revenue and marginal
What is the expected value and variance of the number of defective chips and what is the probability that they discover exactly 9 defective chips in this test?
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