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According to the rule for optimal input usage, a firm should hire a person as long as his or her marginal revenue product is greater than his or her marginal cost to the company. it is well known that many companies have management training programs in which new trainees are paid relatively high starting salaries and are not expected to make substantial contributions to the company until after the program is over,(programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rule
You had chosen to take a trip during spring break if you had not gone you would either work a temporary job or studied for exams the opportunity cost of your trip.
Explain how many cases of toothpaste should be produced in order to maximize profits. Illustrate what happens if its decided to raise prices unilaterally in this toothpaste market.
elucidate how many units of fish could it now consume along with the 80 units of imported wheat.
Elucidate why it is important for managers to understand the mechanics of demand also supply in both short-run also long-run
If a portion of the loans extended by commercial banks is taken as cash rather than as checkable deposits, the maximum money-creating potential of the commercial banking system will.
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
Antitrust act that bans anticompetitive mergers that occur as a result of one company acquiring the physical assets of another company.
Some of the production of an economy creates pollution illustrated by the move.
An Onyx Corporation design also manufactures a broad range of fluid handling also industrial products.
Discuss the incentive effects associated with this EMTR program regarding conclusion to join workforce
Illustrate what is the graph among utility and income,when marginal utility of income increases or deminishes.
As oil prices rose during 2006, the demand for alternative fuels increased. Ethanol, one alternative fuel, is made from corn.
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