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1. Under the cost minimization rule, when will a firm employ only human labor?
2. Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?
If the company requires a minimum return of 25%, illustrate what should be the minimum yrly sales for 12 yrs to justify the investment.
Discouraged employees are not considered unemployed. People who work part time but want to be working full time are considered employed.
The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A & B and A & C as substitutes or complements. Explain why this is the case.
Use the green line (triangle symbols) to show the impact of this additional change in the exchange rate on the economy.
q1. is it advantageous for all countries to utilize cheaper labor or does importing your goods back to the u.s. still
If mary decided to go on the road trip, what is her opportunity cost?
Undergraduate student (age 22) gets a job that pays $49800 per year. Planning to retire at age 67, she decides to save 10% of her current salary each year. If she is able to get an average ROI of 5.8% per year, how much will she have saved when she r..
What percentage of total spending must president and Congress act upon each year. What accounts for remaining expenditures.
Suppose that the price index for the years 1980 and 2010 is equal to 60.0 and 180.0, respectively. Also suppose that Maya earned an annual salary of $20,000 in 1980. Given the above, how much would Maya have to earn in 2010 in order for her salary to..
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises
What is a basic summary of the Pickens plan (Oilman T. Boone Pickens )? Using the supply-and-demand model explain how Pickens' plan would affect the global price of oil if it were to be successfully implemented.
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