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Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600. What is marginal cost?
How do restrictive job protection measures affect the demand for unskilled workers? Do they benefit or help the unskilled worker? Explain.
In a few sentences, what effect does the current supply and current demand have on this product.
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
After paying the movie distributors and meeting all other noninterest expenses, the owner expects to net $2 per ticket sold. Construction costs are $1,000,000 per screen. What is marginal benefits and marginal costs.
If you had the power of the President, Congress, and the Federal Reserve, what would you do to stimulate the U.S. economy which is barely growing?
Comment on this trade-off between equity and growth. Explain how would you go about resolving the issue if you were the president of a small, poor country.
Explain how do you calculate the cost index using the nominal GDP to get the real GDP in billions
Explore in particular Elucidate how the two companies' respond to the macroeconomic conditions in terms of their.
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. if a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20%, by how much should it increase the price?
Assume a bank faces a required reserve ratio of 5 percent. If a bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
If labor costs rise you may consider substituting capital input for labor input. What factors do you need to consider when making this substitution?
What is the impact of opening trade on the real rental on capital.
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