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How is AT&T's marginal product is related to its demand for labor? What are some examples of events that could shift the demand or supply of labor and why they do so?
A hospital has just increased its lab fee from 34 to 62. As a result, the volume for the lab tests has decreased from 156 to 53. What is the price elasticity [E] of the lab test? (hint: use the point estimate formula and keep one decimal space)
Gains from trade will result if a country specializes.
What market structure does the sale of cellphones in the USA represent? Why? How has it changed since the monopoly of Ma Bell? Provide examples.
Rank the designs from best to worst. Note that home designs (H) have a life of 5 years; cabins (C), 10 years; workshops (W), 15 years; and garages
Suppose your nominal income rose by 6.3 percent and the price level rose by 3.8 percent in some year. By what percentage would your real income (approximately) increase? percent. If your nominal income rose by 3.8 percent and your real income rose b..
What is free trade? What are its benefits? Identify and briefly discuss the three important implications of trade theory for business.
Assume that labor supply and labor demand are described by the following equation -labor supply: L=5w -labor demand: L=110-0.5w where w=wage expressed in dollars per hour, and L(s) and L(d) are expressed in millions of workers. find the equilibrium w..
What is the monopolist's profit under the following conditions? The profit-maximizing price charged for goods produced is $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units, marginal cost is $8, and..
Telecom Namibia is considering the purchase of a machine at the of cost 100 thousand dollars, and which has a lifespan of only two years, after which it has a zero scrap vale. This investment, if undertaken, will generate gross return of 53 thousand ..
Mai Ling is evaluating a mining prospect. Leasing the land and the mineral rights from the government will cost $450K to win the lease and $50K annually
The market for pizza is characterized by a downward-sloping demand curve and an upward-sloping supply curve.
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
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