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Q. A firm is using 30 units of labor and 20 units of capital to produce 4,000 units of output. At this combination the marginal product of labor is 40 and the marginal product of capital is 50. The price of labor is $40 and the price of capital is $30. What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital?
Illustrate what is the minimum price necessary for the company to supply one thousand cups.
Explain how much money will Pat have available to spend on her new computer after 1 year.
With reference to a carefully drawn graph, provide a detailed analysis of the impact of this decrease on equilibrium price and equilibrium quantity in the market for new cars in the United States.
State the essential difference between the classical and Keynesian schools of thought. If you were a public policymaker and received conflicting advice from a classical and a Keynesian economist, how would you choose? Explain.
Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real world example of pricing strategy for a specific company by identifying its market..
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
What appears to be the major constraint that the central banks used to determine the limits of the monetary injections into the economy?
You are the Benefits Manager for ABC Corporation. The company has grown considerably from a small family-owned business. It has never had a paid vacation policy in the past, and you need to establish one.
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
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