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Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p).
What happens to t as real wage increases?
What happens to t as labor increases?
You complain that the current labor contract specifies a full hour for your lunch break and you still have over 15 minutes left.
Guest Corporation issued (sold) 1,000 shares of its no par common stock for $110 per share. The bylaws established a stated value of $100 per share. The transaction is recorded as an increase in contributed capital of a. $ 100,000. b. $ 110,000. c. $..
Why will the profit-maximizing rate of output for a profitable firm typically be larger than the rate of output that minimizes average total cost?
What is the necessary requirement to turn a business idea into a business? If you don't have customers willing to buy your new product or service at a price that gives you a profit, do you really have a business?
Rhonda Hill Rhonda Hill (unmarried) is employed as an office manager at the main office of Carter and Associates CPA firm. Rhonda lives in a home she purchased 20 years ago. Rhonda's older cousin Mabel Wright lives with Rhonda in the home. Mabel is r..
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
q.frank knight has a job as a sales manager earning 100000 per year and he is deciding whether to purchase a bakery
1. 1.because bank funding markets are global and have at times broken down disrupting the provision of credit to
Outline the potential pros and cons of the three key strategies for developing foreign markets: exporting, licensing and franchising, and direct investment
Hair Grow Co. has a demand curve of P=101-.00002Q Marginal cost for producing Hair Grow pill is $1. Illustrate what is the profit-maximizing price and quantity. What is the profit.
When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?
Find out the market equilibrium price and quantity. Compute the profit of a firm at the point of equilibrium. Is this longrun equilibrium.
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