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How does your analysis of value of marginal product (VMP) change if the employer is a monopolist producer of its output but a price-taker in the labor market?
If average product is increasing, marginal product must be less than average product. If marginal product is negative, average product must be negative.
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
According to the Solow growth theory that we have studied, how would each of the following events affect per capita consumption in the long-run. Illustrate graphically and explain.
american export-import shipping company operates a general cargo carrier service between new york and several western
vaughan ltd makes 2 different types of shoe brogue and casual each using the same leather and the same skilled labour.
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved t..
Assume two countries, West and East, want to decide whether to abate (control) their pollution or not. For simplicity assume each country have only two strategies, abate or do not abate.
What is the tax incidence of an excise tax when demand is highly inelastic Highly elastic What effect does the elasticity of supply have on the incidence of an excise tax What is the efficiency loss of a tax
A firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day.
in the diagram above discuss the implication to economic efficiency of an economy operating at point x .v. operating on
demand supply and the determination of market price1.for a particular week in june three families - smith jones and
After a decade of overconsumption Americans are finally saving at the appropriate levels. Despite only modest increase in real incomes, the U.S. Savings rate has risen to 5.4% as of August 2014. What are some of the key drivers that may be a..
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