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A Publishing company uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, & the price of a printing press is $5,000. The last printer added 20 books to total output, & the last press added 1,000 books to total output. Is the company making the optimal input choice? Why or why not? If not, how should the manager adjust input usage?
Is the product considered elastic, inelastic or unitary elastic. In a few sentences Illustrate what effect does the present supply also present Demand have on this product.
If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
Elucidate any of the assumptions required for the Coase Theorem likely to be violated in an important way.
What is now the effect on gold consumption and mining of an increased use of gold as money.
Air transport for businesspeople and tourists
In which of the subsequent ways does government involve the consumption component of planned cumulative expenditures.
A television network will allow National Motors to advertise its claim if the appropriate null hypothesis can be rejected
Elucidate why these companies oppose laws allowing reimportation of drugs to the United States.
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
Analyze how a bartender would know which the price of an exotic drink was too low or too high.
If the total fixed cost increases to $5,000, Elucidate how many papers should be sold daily for profit maximization.
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