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Q. Frank Gunter owns an apple orchard. He employs 87 apple pickers also pays them $8 per hour to pick apples which he sells for $1.60 per box. If Frank is maximizing profits, illustrate what is the marginal revenue product of the last worker he hired? Illustrate what is which worker's marginal product?
Q. Give at least 5 reasons why it might be the case which M1 increases while M2 decreases. Please try to come up with real examples: it's not enough to say which savings account decreased. You also have to tell me why also how (i.e. where is the funds in savings account gone?)
If there is no tariff, explain how much does customer pay for a pound of coffee. Illustrate what is the quantity demanded.
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
The market for autographs including letters o other documents signed by famous people is subject to frequent large price changes as are markets for most collectables.
Derive an expression for average cost. Derive an expression for marginal costs.
Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.
Now Assume the theater increases the number of its ads to 250. Should the theater increase its cost following this ad campaign.
Considering companies operate in their own self interest, should cartels be legal.
That term would be most closely associated with the latest also better goods also services also latest also better ways of producing
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
What price are individuals with $5,000 in the bank willing to pay for the insurance. Will those with $5,000 in the bank voluntarily purchase insurance.
He projects that his costs also revenue will be similar this year if he continues farming. Illustrate what is Bowen's accounting profit from farming an additional year.
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