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The menu at Joe's coffee shop consists of a variety of coffee drinks, pastries, and sandwiches. The marginal product of an additional worker can be defined as the number of customers that can be served by that worker in a given time period. Joe has been employing one worker, but is considering hiring a second and a third.
Explain why the marginal product of the second and third workers might be higher than the first. Why might you expect the marginal product of additional workers to diminish eventually?
a struggling company currently has a net worth of 700000. it owes 500000 from debt financing assume these are loans
Determine the appropriate descriptive statistics.
Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. • What are the required reserves of People's National Bank Does the bank have any excess reserves
describe john maynard keynes contribution to the theories of macroeconomics. why was he such an important economist?
10. According to Solow's model of economic growth, what determines the rate at which a nation's income per person grows? Based on that model, what sort of public policies would be able to increase the growth rate of income per person? Give at l..
Suppose a consumer’s preferences can be represented by the utility function U(X,Y) = Min (2X,Y). Also, suppose the consumer has $300 to spend and the price of Good X is PX = $3 and the price of Good Y is PY = $1.
At the end of WWII where did the Soviet forces occupy most of?
The Wall Street Journal discusses a trend among some large US Corporation to base the compensation of outside members of their boards of directors partly on the performance of the corporation.
Which of the following is an example of a change in the quantity demanded? (Hint. For which items is there a direct change in price that leads to a change in quantity demanded) Markets are more efficient when information is perfect;
1.explain how welfare creates work disincentives.2.discuss the factors that cause the average income of nonwhites to be
Discuss the relationship existing between production and cost. What is the MC function of the above TC function?
consider the table below for the neighboring nations of northland and west coast. the table lists the maximum feasible
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