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Workers cost $10.20 a worker, 20 workers produce 204 units of output, 21 workers produce 246 units of output, 22 workers produce 290 units of output. Explain what is happening to both marginal productivity of each additional worker and the marginal cost of each additional unit of output A) Marginal productivity and marginal cost are both increasing B) Marginal productivity is rising and marginal cost is declining C) Marginal productivity is falling and marginal cost is rising D) Marginal productivity and marginal cost are both declining E) None of the above
Union B faces a demand curve in which a wage of $6 per hour leads to demand for 30,000 person hours, whereas a wage of $5 per hour leads to demand for 33,000 person hours. Which union faces more elastic demand curve.
Wages are specified as dollars per hour of work and L represents number of workers per day. Determine total demand for plumbers in New York.
illustrate what is the income-expenditure multiplier in this economy. Using at least two different quality tools, analyze the data and present your conclusions.
which of the 3 determinants of macro performance (internal market forces, external shocks, and policy levers) would you consider the most important in terms of gauging the success/failure.
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
If the Boca Raton Company has only one rival also if its rival too makes such a declaration does this change payoff matrix? If so, in illustrate what way.
Graph the individual's budget constraint taking account of both Social Security benefits also the possible withholding of these benefits based on the individual's earnings.
What can it be sold for now if a buyer's desired return is 4 percent per 6 months?
Why does the assumption of independence of risks matter in the examples of insurance. Illustrate what would happen to premiums if the probabilities of house.
Which strategy offers both Westinghouse and General Electric the best financial outcome. Among which of the following is an example of a good with an inelastic supply.
What is now the effect on gold consumption and mining of an increased use of gold as money.
For the product is charging the most favorable price
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