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Types of costs faced by a firm
Between the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how can technology help firms to lower their costs? What are some specific examples of how firms have used technology to lower costs?
Assume that potential rural-urban migrant would work for two periods ( of some length) in either the rural or the urban area.
Elucidate what would have been the economic effects of this. Describe the pros and cons.
A profit maximizing firm produces three products X, Y and Z. The firm has no costs. There are three customers 1, 2 and 3. What will be the price of each product if the firm decides to sell them separately?
the company provides the broker with an infrastructure, such as clerical support, phone services, and office space, and especially for new brokers, a base wage.
Express how long would it take for the price level to double if inflation persisted.
Utilizing such areas as manufacturing and information technology or any related industry / areas that have had high job growth rates explain a scenario that would cause a shift in labor supply and demand.
The International Monetary Fund IMF supply assistance to nation experiencing economic woes.
Suppose Q is the quantity demanded for medical care services. The linear industry demand function takes the form.
If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude that the MPC is:
Describe the industry equilibrium price/output combination both graphically and algebraically. Calculate the level of excess supply (unemployment) if the minimum wage is set at $7 per hour.
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
Assume that a company maximizes its total profits and has a marginal cost. Find the price at which the firm sells the product.
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