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The firm and its goals: profit maximization
The following is a quote from a New York Times article: "If a company makes product donations to the schoolâ?"computers for instanceâ?"then the image of a company goes up as graduate students use the company's products." Does such action square with a company's objective of profit maximization? Discuss.
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
If an owner of a industry wanted to make a trip for non-business use and their lost wages was not tax-deductible.
Use the following Information on a hypothetical short-run production function to answer questions a-c. Calculate the marginal and average variable product of each unit of labour input.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Compute the equilibrium interest rate. Compute the amount of investment demand, private saving, and national saving at the equilibrium interest rate.
Fewer potatoes are demanded when the price of rice has fallen from $ 0.25 to $0.10 cents per pound-The Molly Jock wants to buy a high definition television to watch the Olympic Greco roman wrestling competition in Beijing.
The president of a small industry has been complaining to his controller about rising labor and material costs.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
Compute the steady state levels of population. How might we transition between these two steady states and growth during the Malthusian regime?
Social Dynamo Corporation earned profits last year of $49 million on sales of $500 million. During the same period, its major competitor - EIO Corp.- enjoyed sales of $490 million and earned profits of $52 million.
The Mor Tex Company assembles Garments by hand even though a textile machine exists that can assemble garments faster than a human.
What is the marginal opportunity cost of services in each country? Who has the comparative advantage in factory-stuff?
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