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Compare and contrast the production function for a product and a service. You should base your discussion on specific industry examples (i.e., automobiles or dishwashers or frozen pizzas are examples of products and tax preparation services or legal services or online educations are examples of services). For both the product and the service example, you should suggest an appropriate measure of output, identify key inputs and indicate which of those inputs are likely to be fixed inputs and which are likely to be variable inputs.
Illustrate what can be said about the utilization of resources when 20 airplanes and 20 buses are produced. What is the opportunity cost of increasing the production of airplanes from 50 to 60? From 0 to 10 airplanes.
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
If R and F both have 12 hours of labor that they can give to catching fish or goats, and R requires 1 hour to catch a fish and 2 hours to catch a goat, F requires 6 hours to catch a fish and 3 hours to catch a goat. They are able to trade at Pf=Pg..
q1. suppose that on january 1 the price of one hundred yen was 0.80 and ppp held. over the year the japanese inflation
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
If the foreign country enters the market first, determine the equilibrium price and quantity. Will both countries produce. Show both average cost curves and the equilibrium.
What are Monsanto strategy vs Holland Sweetner. What will Monsanto do? What will Holland sweetner do? Difference Between short run and long run and how does it relate to Akio Morita, founder of Sony Corporation.
Calculate the equilibrium buyers' also sellers' price with no sales tax also then with the 20% tax Supposed above.
The bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John.
PbP Company have pay $10,000 to disassemble and ship the furnace to the new owner. What is the net cash flow after tax as it will result from selling this furnace in the year 2012.
Assume that the marginal product of labor is: MP=100-L, L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, the wage rate for labor is $100. How many workers should I hire.
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