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1. Discuss two factors that would increase demand for labor. (Hint: Recall that the demand for factors of production or resources is called a derived demand)
2. Suppose if the market price of the good or service that a firm produces increases, what happen to the demand of labor? Explain.
The table below demonstrate the demand for Fidgets over an eight month period. Calculate a four-period moving average forecast for September.
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
Assume that a stock price has an expected return of 16% per year and a volatility of 30% per year. When the stock price at the end of a certain day is $50,
A case study states that the concession stand accounts for well over half the profits at most theaters. Determine, what are the benefits of staggered movie times allowed through multiple screens?
Explain whether the firm will make economic profit, In the short run and In the long run.
Assume a company is operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost.
How does capital investment affect the marginal physical product of labor and does more college education have the same kind of effect also which is a better investment
"A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
How could you assess which of the top 3-companies in an industry was best managed from a financial standpoint?
Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.
Rochester Metro Area was hit with a major ice storm in 2003. Suppose that before ice storm of 2003, the weekly demand and supply for ice in the Rochester Metro Area were given by following equations:
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
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