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If a firm experiences diminishing marginal productivity of labor, the marginal product: Why?
a.) Increases as total product increases
b.) decreases as total product increases
c.) increases as total product decreases
d.) decreases as total product decreases
The Black Ash Steel Company's plant belches large quantities of noxious fumes and black ash into the air. Residents in the surrounding area have higher medical bills because of Black Ash's pollution. These additional medical costs represent
A small business in your community has hired you to manage selling its product globally. Identify the small business and the type of product that will be introduced internationally. What exchange rates do you need to consider? What cultural differenc..
Describe your matter, with a brief summary of the key things which make your matter interesting. Illustrate what are the key positive also normative questions surrounding your matter.
Suppose that the government is debating whether to spend $100 billion today to address climate change.
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case.
A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $800,000 per month. The variable cost per thousand board feet is $155.50 the price charged will be ..
Throughout most of human history, people lived in relatively small, egalitarian bands. With the advent of farming, stratified societies began to emerge and today dominate the human landscape. For this question, explain Diamond’s thesis as to A. Why t..
Consider the market for electronics. Patents are granted to investors of a product or process for a certain number of years. The reason for this is to encourage innovation in the economy, without the existence of patents; it is argued that research a..
q. u.s. supreme court justice stephen breyers book breaking the vicious circle toward effective risk regulation 1993
In "The Consequences of Mr. Keynes," James Buchanan and Richard Wagner argue that the "unwritten fiscal constitution" of an annual government balanced budget helped restrain the growth in government, but the Keynesian argument for a balanced budge..
Suppose you are a manager of a watch making firm in a competitive market. Your cost of production is given by C=200+2Q2 where Q is the level of output and C is the total cost.
Illustrate what is repayment amount if you make a cash loan. Illustrate what does cost-of-carry of futures or forward pricing mean? Explain how is it related to storage cost of gold.
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