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Calculating the optimal hours of labor
Firm XYZ measures its MP of labor curve to be the following MP = 4000 - 2L where L is the number of hours of labor hired per day. XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labor should XYZ hire each day to maximize its profits?
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
Suppose you are an advisor to President Obama. Illustrate what fiscal policies would you put in place.
What is a fixed payment made by the privately insured patient in exchange for receiving the medical good or service? What is the percentage of each and every medical bill that the patient pays rather than the flat dollar amount?
Suppose that a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers:
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
Using above demanded schedule, find out the elasticity of demand for each price change. (Example: when price changes from $5 to $10, quantity demanded changes from 1000 to 800 oz., so the elasticity of demand, by using average values, is 1/3 or 0...
Estimation of sales from multiple regression models - figuring out the own price elasticity of demand and cross price elasticity of demand - the relevant business decision to increase the total revenue.
You have been hired as a plant manager for a firm that produces widgets (Q) in Angola, Indiana. Widget production requires machine time (K) and labor time (L).
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Thailand Economy: I am third year student at college of Business (Finance). I have Macroeconomic research paper about Thailand economy. I want research paper and PowerPoint slides to present the paper.
To what peak if anyone does Wal-mart feel itself affected by Federal tax policy
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