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Suppose the marginal benefit of writing a contract is $50, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length L is: Instruction: Round your answers to 2 decimal places. a. MC(L) = 10 + 2L. b. MC(L) = 5 + 2L. c. What happens to the optimal contract length when the marginal cost of writing a contract declines?
Should certain sectors of the economy be regulated? Which ones and why? Should there be greater or less regulation during certain parts of the business cycle or certain economic conditions? Which ones and why?
McDonald's has enough time to hire or lay off workers but it does not have enough time to expand its kitchen or add an additional seating area.
In a paper, analyze the impact of changes in the federal minimum wage on employment, the individual, family and household incomes, and the future of employment wages. Provide specific examples to support your findings and justify your ideas.Analyze t..
Income inequality and poverty affect us in many ways we may not think about. Gregory W. is a homeless man in Louisiana who was arrested for stealing food from a grocery store. What would be a fair way to hold this man accountable for his theft? When..
A firm has $1,900,000 in sales, a Lerner index of 0.55, and a marginal cost of $50, and competes against 800 other firms in its relevant market. What price does this firm charge its customers? By what factor does this firm mark up its price over marg..
The present value of a dollar rises as
During the recession of 2008–2009, many workers who lost their jobs were unable to afford to move to a new job in a new city and pay rent or buy another home because they could not sell the home they were in that still had mortgages. This was because..
Which of the following best describes the cause-effect relationship among macroecomic variables?
Using a supply-demand diagram, show a labor market with a binding minimum wage. Now, use the diagram to show those who are helped by the minimum wage, and those who are hurt by the minimum wage.
tasks1. clearly state which e-commerce business model you have chosen. for each chosen website report the business name
A gardener can use one of the three brands of fertilizers during the next growing season. The following decision table shows the expected gross income per acre for each fertilizer brand and weather condition for the growing season. The chance of a dr..
why the enrollment in colleges also universities increases at times of economic recession
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