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Q1. You manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. The company allocated 10 more workers to your department last year and output increased to 45000. You just received a memo from your boss indicating which he is very concerned about the 500 unit fall in the average productivity of your workers. Explain how can you defend yourself?
Q2. The cost of a basket of goods and services in the U. S. is $600. In Canada the same basket of goods cost 700 Canadian dollars. If the nominal exchange rate were 1.2 Canadian dollars per U. S. dollar, illustrate what would be the real exchange rate?
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
Determine if you should go into your own solo private practice or to join a specialty group of physicians.
Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.
What will happen to price of old car taken as an inferior goods whose substitute is new car if income of the people rises.
Explain why the different definitions are important also explain the different procedures of the money supply.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
What happens to each of these values if the central bank changes the reserve requirement ratio to 3%.
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