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Q. Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if they are each equipped with a machete, a shovel and a chainsaw. Clearing one acre brings in $1000 in revenue. Each worker's equipment costs the worker's employer $150 per month to rent and each worker toils 40 hours per week for four weeks each month.
a. What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month?
b. How much revenue per hour does each worker bring in?
Compare and contrast your chosen websites: which website is more likely to be successful than the other, and why and How well does the website personalise the experience for users?
Suppose the managers of the two firms decide to collude. If they formed a cartel, illustrate what would be the profit maximizing level of output.
How events would leave the equilibrium price of textbooks at the same level observed before the supply shift.
Starting with the situation in part d, suppose the government starts taxing the population $30 each year without spending anything.
If going rate for developing a roll of film is $8.50, is industry in long-run equilibrium. If not, find price associated with long-run equilibrium.
Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference
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The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
Ben bakes bread and Shawna knits sweaters. Ben and Shawna both like to eat bread and wear sweaters. In which of the following cases is it impossible for both Ben and Shawna to benefit from trade.
Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.
Make a table showing the value of marginal product for each screen from the first through the fifth. Illustrate what property is illustrated by the behavior of marginal products.
Although there seems to be a great demand for your bread, why would productivity decline when you hire more labor in the short run?
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