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Q1
What is average productivity? What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
Q2
What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs?
Q3
Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
1. what is a mutual fund? explain in detail noting any differences in practice between saudi arabia and the united
How much is the long-run equilibrium price? How many firms will be operating in this equilibrium? Plot two side-by-side graphs to illustrate the long-run equilibrium; one should show a typical firm in equilibiurm, the other should show the market..
100 identical customers, each with relevant demand function Q = 20- P (where Q is the hours per week and P is the per-hour fee). Assuming you priced membership consistent with consumer surplus, if fixed costs = $1,000 and variable costs = $0, how muc..
Identified the introduction of a national minimum wage
the ncaa prohibits schools that are caught paying athletes from participating in bowl games and sometimes the
Analyze several magazine or newspaper ads to decide how the ads reflect or use the law of diminishing marginal utility. Explain your findings in specific detail.
In 1987, Lowell Wilson, the plant superintendent, hired Youngstown Security Patrol, Inc. (YSP), a security company, to guard Greif property and "deter thieves and vandals." Some YSP security guards, as Wilson knew, carried firearms.
A chair manufacturer hires its assembly-
What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Colossal Coffee Roasters
Monopolies are price makers and as such should be able to set price where they will make a profit. Is this statement true? Why or why not?
what is the economic market for physicians in terms of supply and demand, elasticity, costs of production, pricing, and economic or normal profit or loss?
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