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A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750. What is the current prevailing weekly wage rate in the labor market? PLEASE SHOW WORK
Newspaper reports frequently suggest that the administration (regardless of who is president) wants the fed to lower interest rates. Why do you think that might be the case?
q.consider two neighboring island countries called bertland and ernamia. they each have 4 million labor hours available
q1. you are the proud owner of a baseball card store. suppose you sell 100.00 worth the baseball cards each day with
q1. give examples of 7 elements of client value systems time cost quality environment impact resaleexchange self
The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.
Show that an increase in government spending that is productive in this fashion could increase welfare for the representative consumer.
Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
Find the effects of the increase in the expected future MPK on current output and prices from the AD-AS diagram based on the misperceptions theory. What accounts for the difference with part a?
Elucidate why is private property, and the protection of property rights, so critical to the success of the market system.
From Strategy A if the second firm reacts with strategy D. On the other hand, firm 1 may follow strategy B which could return profits of $8mil. Or $9mil. If firm 2 reacts with strategy C or D respectively.
Everyone who has baked with the new flour loves it, but she is having trouble getting potential consumers to the desire stage of the AIDA concept.
The rule for maximization set forth in the text contradicts some honored traditional principles such as 'never give up' . Anything worth doing is worth doing well, or waste not, want not' explain the contradiction for each of these rules.
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