Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Mor Tex Company assembles Garments by hand even though a textile machine exists that can assemble garments faster than a human. Workers cost $50 per day and each additional laborer can produce 200 more units per day (i.e. marginal product is constant and equal to 200) Installation of the first textile machine on the assemble line will increase output by 1,800 units daily. Currently the firm assembles 5400 units per day.
a. The financial analyst dept estimates the price of textile machine $600 per day. Can mgt reduce the cost of assembling 5,400 units per day by purchasing the machine and using less labor?
b. The textile workers of America are planning to strike for higher wages. Mgt predicts that if the strike is successful, the cost of labor will increase $100 per day. If the strike is successful how would this effect the decision in part a. to purchase a textile machine?
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
Maggie's utility function is and her income is $5000. Then her MRS at generic bundle (x1, x2) is 50-0.25x1. Commodity 2 is a composite good, and hence its price is unity.
Suppose a risk-averse consumer has an initial wealth of $5,000 and a utility function U(M) √M.. He faces an 80 percent chance of losing $4000, and a 20 percent chance of losing $0.
The Heckscher-Ohlin model assumes that tastes are the same in Home and Foreign. Suppose now that tastes are different in Home and Foreign.
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
What are primarily intended to address the problem of insuring people who do not have health insurance? Would a public national health insurance system reduce total spending on health care in our economy?
Why is it not surprising to find that in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
How much does the gross price increase in each market
Explain the economic situation in the UAE based on the article. Summarize the articles with your own words
How income may change savings behavior
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd