Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. What is the significance of resource pricing? Explain how the factors determining resource demand differ from those determining product demands. Explain the meaning and significance of the fact that the demand for a resource is a derived demand. Why do resource demand curves slope downward?
2. In 2005 General Motors (GM) announced that it would reduce employment by 30,000 workers. What does this decision reveal about how it viewed its marginal revenue product (MRP) and marginal resource cost (MRC)? Why didn't GM reduce employment by more than 30,000 workers? By less than 30,000 workers?
3. Florida citrus growers say that the recent crackdown on illegal immigration is increasing the market wage rates necessary to get their oranges picked. Some are turning to $100,000 to $300,000 mechanical harvesters known as "trunk, shake, and catch" pickers, which vigorously shake oranges from trees. If widely adopted, what will be the effect on the demand for human orange pickers? What does that imply about the relative strengths of the substitution and output effects?
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
Consider that demand elasticity is defined as the percentage change in quantity divided
Consider the demand for gasoline. When the price of gasoline increases by a relatively large amount, the quantity of gasoline purchased falls by a relatively small amount. Consider the market for soap. How would you determine if soap and shampoo ar..
Compute the price-cost margin for every firm and indicate which has more pricing power and why.
In a simple economy assume that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Compute gross domestic product from the following set of numbers.
What happens to labour supply increases?-He will work more as wages increase, but only if n > 0.
Give three reasons why firms produce in Germany rather than in a lower-wage country.
How does the federal government implement its fiscal policies. given economic conditions today do you suggest expansionary fiscal policy or contractionary fiscal policy.
A perfectly competitive market exists for the intermediate product at P=$6. Determine algebraically the profit-maximizing outputs for the production and marketing divisions of the firm and the optimal transfer price for the intermediate product an..
Industries used to make capacity, production, inventory and staffing decisions based on long-range forecasts.
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Consider a purely probabilistic game that you have the opportunity to play. Each time you play there are n potential known outcomes x1, x2, ..., xn (each of which is a specified gain or loss of dollars according to whether xi is positive or negati..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd