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karens performance pizza is a small restraunt in ny that sells gluten free pizzas karens very tiny kitchen barely has enoug room for the three ovens in which her workers bake the pizzas karen signed a lease obligating her to pay the rent for the three ovens for the next year. because of this and because of karens kitchen cannot fit more then three ovens karent cannon change the number of overs she uses in her production of pizzas in the short run,
however karent decision regarding how many workers to use can vary week to week because her workers tend to be students,. each money karen lets them know how many workers she needs for each day of the week in the short run these workers are ______ (variables or fixed) and the ovens are _______________(variable orkarent production schedule is presented in the following table fill in the blanks to complete the marginal product of labor column for each worker
number of workers Quality marginal product of labor(MPL= \(\Delta Q/ \Delta L\) )
0 0 >
1 80 >
2 150 >
3 200 >
4 220 >
5 230 >
In case of conflicting IP rights, could firms bargain to attain efficient outcomes. Is re room for entry if consumer welfare is not being served.
Describe what happens after the technological change. What happens to the wage in the long run? What happens to the population size in the long run?
What were the total revenue of Harvey's firm in the first year? The explicit costs of Harvey's firm in first year? The implicit costs of Harvey's firm in the first year?
Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.
q1. based on illustrate we know about the effects of mandatory seat belt laws which of the following groups would be
Wwhat is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them also staff them with employees.
Employment data at a large company revel that 72% of the workers are married, that 44% are college grads,and half of the college grads are married. Elucidate what is the probability that a randomly chosen worker;
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
consider the following islm model for a closed economyc4000.4yd i2000.3y-2000i g360t400 mp4y-100000ims2600 10
A Business Week table ("The High Price of Admission," October 23, 2006, 60) compares various business schools by calculating how long it takes to break even on a student's investment in a Masters of Business Administration (MBA)
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
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