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More or Fewer Deliveries? Consider a delivery firm that delivers packages by bicycle, charging $13 per package and paying each of its workers $12 per hour. One day, one of the workers was two hours late to work, and the number of packages delivered that day decreased by one package.
a. Did the tardiness of the worker increase or decrease the firm s profit?
b. Based on the new information provided by this experience, should the firm produce more deliveries by increasing its workforce, or produce fewer deliveries by reducing its workforce? Explain, using the marginal principle.
Your credit union is willing to lend you $32,000 for your home remodeling project. You must sign a home equity loan that requires you to make payments of $395.00 at the end of each month for the next 10 years.
In fact, he has operated this livestock operation for over 20 years. in the past, his farm was fairly isolated. however more recently the nearest city, woodpile, has been expanding. thus, there are now residential homes fairly close to Brain's far..
The unemployment rate skyrocketed during the Depression, peaking at nearly 25 percent in 2933. The current unemployment rate is just 5 percent. And that's only up from 4.5 percent a year ago. Contrast that with the far more explosive spike at the ..
A monopolist's inverse demand function is P = 150 - 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the marginal cost of producing at facility 2 is MC2(Q2) = 2Q2. Provide the eq..
2. the first equation to be estimated is fxi b0 b1 uri uiwhere u is a disturbance term and the i subscript
To the equation in part (v), add an interaction between electric and educ . Is its co- efficient statistically significant? What happens to the coefficient on electric ?
How does this affect the HR manager's hiring decisions?
Recent trends in teen smoking are considered tobe positive by those who advocate for a reduction in teen smoking. The decline is attributed to government policy that restricts advertising that targeted children, for example the Jo Camel ads and bi..
Consider two possible designs for a product which are sold for $0.70 each. There are only two differences in the production of both designs: operation 1 and operation 2. The first product, A, requires 16 hours of operation 1 and 4.5 hours of opera..
Do economists have any particular expertise at making normative arguments?
$4,000 were deposited at time 0 in an account that pays an interest of 10% compounded annually. how much should be withdrawn at the end of period 2 to have $4,000 at the end of period 4 available in the account
You should estimate some interesting economic parameters and test hypotheses about them. Your report should focus on the econometrics that you do; it does not matter whether your results are "good" or "bad."
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