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Under the cost minimization rule, when will a firm employ only human labor?
Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?
Consider the following: Clark was considered to have “thought out the concept of marginal utility and its influence on exchange value” without having read Jevons, even though Jevon’s had already published. Discuss how this affected his contributio..
Where individual meters have been installed, water usage has declined 10 to 40 percent. Elucidate that drop, referring to price and marginal utility.
Compare and contrast Francis Edgeworth’s contributions to John Bates Clark’s contributions. Who do you feel made more significant contributions to modern economic theory?
What is the importance of the political ideology as a key determinant of government policy toward Foreign Direct Investment (FDI)?
q1. suppose that abel builds a factory next to bakers farm and air pollution from the factory harms bakers crops. is
explain exactly how you would take advantage of this situation to create a riskless profit.
Business competition encourages efficiency of production and leads to improved product quality.
Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.
The marginal cost of production is $30. Which product should go to the retail market and which should go to the wholesale market? What are the corresponding retail and wholesale prices? What would happen if the sales are switched from the retail t..
Amy wants to estimate the average number of items per purchase at the express lane of a local grocery store. She has estimated the following probabilities based on a sample size of 50 customers. Determine the expected value, variance, and standard de..
q.assume which the abc corporation has a production and sales capacity of 1000000 per month. its fixed costs---over a
q. a pharmaceutical firm faces the following monthly demands in the u.s. and mexican markets for one of its patented
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