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a. Suppose that 0 workers generate 0 output, 1 worker generates 8 units of output, 2 workers generate 20, 3 workers generate 35, 4 workers generate 45, and 5 workers generate 47 units of output, 6 workers generate 47 units of output, while 7 workers generate 44 units of output. Show all work.
b. Calculate the MP and the AP for each worker (15) g. At what point do diminishing returns set in? How would we know this had occurred?
c. Clearly and accurately graph the TP curve, MP curve, AP curve based on the above data.
The zinc also copper monopolists every set a price, believing that the other monopolist will not change its price. Conclude the equilibrium price of brass.
Figure 1 shows the shortrun cost curves of a toy producer. The market has 1,000 identical producers and Table 1 shows the market demand schedule for toys. At a market price of $21 a toy, what quantity does the firm produce in the short run and does ..
Assume the wages in two countries are determined by the level of education only. In country A all adults have 14 years of schooling and in country B 6 years of schooling. Using the same return to education data as in problem 1, compute the ratio of i..
q. assume the united states exports 2000 computers at a cost of 3000 each and imports 200 uk autos at a cost of
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______An organization's shared values, beliefs, traditions, philosophies, rules, and role models for behavior represent its
the technology is now developing so that road use can be priced by computer. A computer in the surface of the road picks up a signal from your can and automatically charges you for the use of the road. Explain how would this affect bottlenecks and..
Consider the following strategy prole. All students of all types announce they are type 12. Ben identies all students (regardless of their announcements) to be equally likely to be each type, and assigns them all grade 6. Regardless of whether or not..
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