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You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing company. Roller Manufacturing company is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you review the production information, you learn that labor is paid $8 per hour and the last worker hired produced 100 rollers per hour. The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. What do you think the previous manager should have done to keep his job?
Illustrate what mix of central bank bond purchases also higher government spending is required to rise income by $6,000 without changing the interest rate
Illustrates what happens if business taxes are reduced also the real interest rate increases
An individual likes owning cars is better. In order to own a car, an individual must have a 1:4 ratio of frames to tires.
Explain how you think these trends have affected our overall economic well-being (think unemployment, wage rates, etc.) in recent years.
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
When she hired a fourth worker, her total product increased but by only 1,000 bullfrogs. Yolanda pays $1,000 a week for equipment and $500 a week.
Elucidate how and why the unemployment rate fluctuates with the inflation rate as is depicted in the Short-Run Phillips Curve.
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers.
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