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Q. A firm is using 30 units of labor and 20 units of capital to produce 4,000 units of output. At this combination the marginal product of labor is 40 and the marginal product of capital is 50. The price of labor is $40 and the price of capital is $30. What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital?
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.
Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.
Compute new supply of $ at each exchange rate and graph the new supply curve.
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
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