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Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the result?
What is the breakeven level of output for the new quilting machine - Determine Mahony Companys investment in receivables.
Explain the changes in interest rates, inflation, and unemployment rates that your research yielded. Explain one reason for each of the changes in interest rates, inflation, and unemployment rates.
Explain the decline in deficits and subsequent surpluses in the late 1990's - Explain the return to deficit spending since the turn of the century.
1.explain how the electoral college works the situations in which it has produced controversial results and the
Calculate the chi-square statistic and degrees of freedom for the following set of data for 300 people
Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response.
You are the manager of a monopolistically competitive firm. The inverse demand for your product is given by P = 200 - 10Q and your marginal cost is MC = 5 + Q.
If GDP is rising by 3 percent per year how long will it take GDP to double? Given the same conditions how long will it take Per Capita GDP to double if the population grows at 2 percent?
Which of the following correctly characterizes the shape of a production-possibilities curve? A) A straight line indicating the law of increasing opportunity costs applies
Why did the oil crisis of 1973 occur? What impact did the oil crisis have on the developed countries?
Distinguish between a change in Supply and a change in the quantity supplied. Refer to both increases and decreases for each. Distinguish between a change in Demand and a change in the quantity demanded. Refer to both increases and decreases for.
Ability to apply economic principles to a business decision - Price Elasticity of Demand facing you in your scenario, including actual calculation of it using the midpoint formula.
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