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Suppose you manage a rm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number of workers employed in plant 2. Given that you have 1,000 workers, what is the best allocation of workers between the two plants?
What are the factors that affect the supply and demand of that good or service. How do you expect the demand and supply of that good or service to change in the next year.
EXPLAIN IF POSSIBLE. What is happening to the US trade balance in each of the following situations? Explain.
q1. kieso company borrowed 710000 on a 120-day note at 14 percent interest. the money was borrowed for 45 days in 2011
Consider a market where supply and demand are given by QXS = -14 + PX and QXd = 85 - 2PX. Suppose the government imposes a price floor of $38, and agrees to purchase any and all units consumers do not buy at the floor price of $38 per unit. Determine..
If we expect the current poor weather conditions to lead to a reduction in the future supply of cotton them:
An increase in the number of buyers for LCD TV's would cause the market demand curve to. 1. shift left or right depending on whether buyers purchase more or less than existing customers 2. shift right 3. shift left. 4. stay the same because the marke..
etween February 2008 and Summer 2009 the Fed supplemented its open market operations with a greatly expanded program of direct lending (both overnight and short term 28 and 84 day loans) to commercial banks, investment banks, brokerage and primary de..
Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
If the Federal Reserve has set the risk-free interest rate at 8 percent, Illustrate is the proper current cost of this investment.
Using the simple model of multiple deposit creation, state the ultimate impact on M1 from the Fed's sale.
Lucky Midas is a risk-averse gold prospector who has struck it rich. He has $W worth of gold— his only wealth—safely stashed away on his claim in the Yukon. He wants to get his gold from his claim to the big city where he hopes to spend it. His frien..
politicians are often heard saying that tuition at state universities should be kept low to make education equally
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