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How does capital (physical) investment affect the marginal physical product of labor? Does more college education, which is part of human capital have the same kind of effect? Which is a better investment? You can supplement your response by giving an example. Make sure you use proper examples related to the question.
Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for t..
An equal number of consumers who have a willingness to pay of $119 are allowed to buy the good at a price of $99. How will consumer surplus be affected.
One of the current trends in the business environment is the shift in many organizations to a group based or team based organizational structure. Why is this happening? What do you think are some potential pros/cons of implementing this type of chang..
Aspects of fiscal policy Suppose the economy had been producing at natural real GDP but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the economy closer to natural real GDP? In the precedi..
Looking at the last word of the chapter "squaring the economic circle", what is the central economic idea illustrated in this piece? how does he explain the idea? how does the main idea related to economic recessions, and how does this idea relate to..
Why do changes in the money supply have effects on the economy and the monetary transmission mechanism? How can monetary policy be used to stabilize output? Evaluate the role of monetary policy and how it affects the macroeconomy.
Calculate the probability of getting three tickets within a 12 month period for a driver who averages one speeding ticket every 18.6 months.
Third Problem The short-run production function of a competitive firm is given by f(L) = 6L 2/3 , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. 1. Plot a few points on the graph..
Jenna is a single taxpayer with no dependents so she qualifies for one personal exemption. During 2013, she earned wages of $122,000. She doesn't itemize deductions, so she will take the standard deduction and her personal exemption to calculate 2013..
What is meant by modular design? How is it implemented in C#?
Making a Java program with in which I to create a main() in it and another code file with a separate class. Also needs creating objects of the class in the running program. The system handles employee records and processes payroll for them. Create..
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
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