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firm's only variable input is labor, and the constant hourly wage rate is $20 per hour. the last unit of labor hired enabled the firm to increase its hourly production from 250 units to 251 units. Illustrate what was the marginal cost of the 251st unit of output
limit popular influence without destroying popular sovereignty. Illustrate why the framers wanted to achieve each of these objectives and how the Constitution does so.
Illustrate what happens to output and the optimal scale of a firm, and price if there is a free entry into the market.
If the proposed textbook receives a favorable review, explain how should the editor revise the probabilities of the various outcomes to take this information into account.
Illustrate which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston
This might be interpreted as an upward shift in the consumption function. Explain how does this shift affect investment and the interest rate.
Propose how it can conclude the efficient levels of information in an organization to justify taking risk over uncertainty.
Assume the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For each level of output, elucidate which technology is cheapest.
Determine the quantity demanded, the quantity supplied, and the magnitude
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
Which of the subsequent correctly describes an external benefit resulting from A person's purchase of flu shots from a doctor.
Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
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