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Ms. Smith, the owner and manager of the Clear Duplicating Service located near a major university, is contemplating keeping her shop open after 4 p.m. and until midnight. In order to do so, she would have to hire additional workers. She estimates that the additional workers would generate the following total output (where each unit of output refers to 100 pages duplicated). If the price of each unit of output is $10 and each worker hired must be paid $40 per day, how many workers should Ms. Smith hire?
Workers hired 0 1 2 3 4 5 6
Total product 0 12 22 30 36 40 42
Graph these functions and find the non-zero equilibrium. Prove that the equilibrium at (0,0) is not stable. Suppose that school inputs improve by one unit, from 10 to 11. What is the immediate impact on education (before health can adjust)? What is t..
If a policy is Pareto optimal:
Assume an American company sells $10 million in goods to a German firm. The American company will receive less than $10 million in revenues if (assume no transactions to prevent exchange rate risk):
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Here are only some stars to fully staff every team, but there are enough for a few to be on each team if an owner decided to hire them.
q.assume a country the total holdings of banks were as followsrequired reserves 45 millionexcess reserves 15
Illustrate and reinforce your answer with any theories from international trade and FDI theories.
In the first half of the report you introduce ideas, then in the second half of the report you will discuss and evaluate these ideas to identify what is most important.
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