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Supposed that firms only variable input is labor when 50 workers are used, the average product of labor is 50, and marginal product of the 50th workers is 75. The wage rate is $80, and the total worker is 75. Wage rate is $80, and the total cost of the fixed input is 500. A. What is average variable cost? Show your calculation. B. What is marginal cost? Show your calculations. C. What is average total cost? Show your calculations. D. Is each of the following statements true or false? Explain your answer. 1. Marginal Cost is increasing 2. Average variable cost is increasing 3. Average total cost is decreasing
Using the purchasing-power-parity theorem, explain what happens to the value of a currency if its domestic inflation is lower than foreign inflation.
the demand for good x is given by the following
consider a solow economy that is on its balanced growth path. assume for simplicity that there is no technological
A production lot of 25 units required 103.6 hours of effort. Accounting records show that first unit took seven hours. What was the learning rate?
Suppose You have been employed by an unprofitable company to determine whether it should shut down its unprofitable operation.
what will happen to equilibrium of peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, not enough info to answer, or decrease. what will happen to the total revenue os us peanut butter..
In some ways monitoring is easier in a partnership than a corporation, where shareholders monitor directors. In what ways is monitoring easier? In what ways is it not?
The demand for milk is given by Q=120,000-20,000P.
Why would change leaders need to align the organization's people with the change strategy Would it be easier to just tell workers of the change and demand compliance? Or, would integrating workers' ideas and capacities before a change.
a calculate the marginal and average tax rates at the following income
a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can
explain in five sentences or less exactly why the trade deficit in the us increased from 1995 to 2000. there are two
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