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You own a pizza shop and you use both labor and capital to make your pizzas. Currently the marginal product of labor is 5 pizzas per hour, while the marginal product of you capital is 2 pizzas per hour. You pay your labour $10 per hour, and your capital costs you $5 per hour. The price of pizza is $2.50. Is you little shop using its inputs efficiently Explain.
what are some things that Dalman and Lei need to know about or country and business group so that they can establish a good rapport before, during, and after discussing franchise details.
Using the fundamental equations from the general monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates ..
which in this case is lagged second difference. Note that it remains below zero after stock market crash of 1987. You can also do same thing for or variables. Are they fairly consistently away from zero. If so, can you design a rule to make money.
When the Fed buys government bonds,
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
Suppose the education an individual acquires makes her a more productive member of the workforce and also decreases the likelihood of her supporting dictator. Explain why market recognizes the first effect, but not the second?
You may be aware that there are three types of profit: accounting profit, economic profit, and normal profit. The difference between the total revenue and the sum of the explicit and implicit costs of an organization results in economic profit. It is..
During the financial crisis of 2007-2008, the governor of the Bank of Canada expressed concern that the commercial banks were "hoarding" cash rather than extending a more appropriate volume of loans. Why might the banks do this, and what is the impli..
Describe the makeup of food service industry in canada. What is the size in sales dollar of the food service industry in canada? How had the industry been trending over the last several years? Explain with numbers and cited facts please give the refe..
If you had to give a short lecture on Native american history, what 9 passages from the book "Lies my teacher told me" by James Loewen, would you include( 3 passages from each chapter i.e "1493", "Red Eyes", and the "Truth about first thanksgiving" a..
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's. What type of mark..
Determine whether the following production functions have Constant, Decreasing or Increasing Returns to Scale (a formal proof is required).
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