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Give two distinct reasons why studies might show that physicians firm might use too few nurses and other aides relative to profit maximizing amount of those two types of input.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
Union B faces a demand curve in which a wage of $6 per hour leads to demand for 30,000 person hours, whereas a wage of $5 per hour leads to demand for 33,000 person hours. Which union faces more elastic demand curve.
explain how many car companies will buy a new car assembly machine. Interest payments are made once a year.
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
Why is a vending machine, which requires payment for each snack purchased, used to sell snacks, while a newspaper can be sold out of a box that allows anyone to take more than one paper?
Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves.
the loan results in a new checkable bank deposit in a different bank equal to the amount of the loan, explain by how much could the total money supply in the economy expand in response to Tracy"s initial cash deposit of $500.
Enron will be an example of a dysfunctional organization for many years to come. It was clearly a organization riddled with fraud also excess also its conduct drove it into bankruptcy.
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
Compare the effects of these two policies in terms of their implications for the current account.
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
Discuss possible hold-up problems, importance of long term contracts, and possibility of underinvestment in labor that might occur under such compensation schemes.
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