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The production function is given by F(L) = 6L^(2/3). Suppose that the cost per unit of labor is $8 and the price of output is 4, how many units of labor will the firm hire?
Assume you are a business person with an opportunity to make more money by meeting with competitors and fixing prices, conduct which is illegal. The authorities will not discover that the prices have been fixed. In fact, the price rise could be sm..
The business world become more competitive. If we are to compete with firms in Singapore, Indonesia, and Malaysia, we must keep our costs down. Labor accounts for 75 percent of expenses.
If people expected that a tax cut was temporary, then this fiscal policy's effect on the economy will tend to be, When the federal government uses taxation and spending actions to stimulate the economy it is conducting,What combination would most li..
continue to produce the level of output at which marginal revenue equals marginal cost. increase output to minimize its losses. reduce output to the level at which price equals average variable cost to minimize its losses. shut down to minimize it..
Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry? The pr..
Elucidate the effectiveness of these staffing practices and selection tools in meeting current and future employment needs of the organization.
The trend toward two-family income has led to policies allowing only one family member to work for a company, flexible work schedules, pregnancy benefits, and elder-care programs or else.
Illustrate and discuss the questions that emerged from Walras research strategy.
If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force is
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
On her employment application, Rhonda disclosed that she had been convicted of 2 misdemeanor larceny. Those convictions made it unlawful for her to become an employee of Midwest without FDIC approval. Midwest proceeded with its working relationshi..
Explain why is the "1 free" free to the buyer but not to society. At which point if any should the government regulate such promotions like these.
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