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According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. It is well known that many companies 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?
He starts this year with nothing in the bank and ends next year with nothing in the bank. Draw his budget constraint in E1 - E2 space.
Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.
In current decades, women have worked more hours in paid jobs also fewer hours in up paid housework.
How are the forecasts likely to be inaccurate? What do you think is driving inaccuracy? How might this problem be solved?
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.
Youngstown sold most of its output in the Midwest. Was this fact relevant.
You believe that there is an equally likely chance that this information will either double expected chances of finding a well, or inform you for certain that the area is not commercial.
Unemployment numbers drop as more jobless Americans Find out positions in local businesses. Which determinant of aggregate demand causes the change.
Differentiate between Anticommunsim and McCarthyism , the perpective from which the media in 1947 to 1954 covered anticommunism and McCarthysim, american forgein policy desion impact anticommunism
Estimate the regression coefficients using ordinary least squares also interpret them. Predict the weekly sales for a store with 10 feet of shelf space situated at the back of the aisle.
What is approximately maximum amount rm is willing to pay to be allowed to use e more units of input x, for e small.
Suppose firm sets an entry fee plus per-unit price for each consume. It can tailor entry fee and per-unit price to individual consumer. Illustrate what are best (profit-maximizing) entry fees and per-unit prices for it to set. Illustrate what is t..
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