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Suppose that a? firm's only variable input is? labor, and the constant hourly wage rate is ?$30 per hour. The last unit? (hour) of labor hired enabled the firm to increase its hourly production from 250 units to 251 units.
What was the marginal cost of the 251st unit of? output? ?$?
Eastern Hydra system which is manufacturing motorcycle engine budgeted 75,000 per year to pay for certain parts over the next 5 years. If the company expects to spend 15,000 in year 1, how much of uniform increase each year is the company expecting i..
Consider the AD/AS model of the economy built from the IS/LM, and assume that the SRAS is upward sloping. The economy is currently operating at the full employment level of output. What are the short-run effects of the decrease in the MPC? What are ..
A firm with fixed costs always has losses for low levels of output. A firm with fixed costs must incur economic losses if it chooses not to produce output. A firm with fixed costs can’t maximize profit in the short run.
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve.
In a market economy,
Can you come up with 5 innovative CSR (corporate social responsibility) initiatives that Starbucks may adopt?
q.this question uses the general monetary model where l is no longer assumed constant and money demand is inversely
Illustrate what output level would monopolist produce. Illustrate what output level would a perfectly competitive firm produce.
The degrees of freedom are used to determine the critical z-score for the normal distribution when calculating a confidence interval. The alternative hypothesis, denoted by H1, represents the opposite of the null hypothesis and is believed to be true..
Discuss, in brief, the various steps taken by the Government from time to time to encourage workers' participation in management in our country.
Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
Compute various indicators of the state of the labour market using the following information. Please show all of your working. If you do not, you will receive zero marks for the question(s).
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