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A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 100,000 pages per day. One month ago, they added five workers, and productivity also increased by 50,000 pages per day.
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
The chance that the price of a college education will be the same 18 years from now as it is today seems remote. Assuming that the price will rise 3% per year, and that today's interest rate is 8 percent, what will your friend's investment need to..
Explain how can you apply what you learned about the concepts of supply and demand from the simulation to your workplace.
How much have prices risen between 2000 and 2010? Compare the answers given by the Laspeyres and Passche price indexes.
Compute the 10-year growth rate forecast using the constant growth model with yearly compounding, and the constant growth model with continuous compounding for each occupation.
Give the before-tax charcoal price and quantity exchanged. Give the after-tax charcoal price to buyers, the quantity exchanged, and total tax revenues.
Elucidate what would social security payments have been in 2001 if the actual rate of inflation had been used.
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data.
You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.
Every so often, a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers. They are, however, willing to ..
Williams and Westrich stock is currently selling for $15.25 per share, and the dividend is expected to continue.
Elucidate your own words why even long term heavy drinkers might be highly responsive to increases in the price of alcohol.
A firm hires four workers and rents 16 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land and labor,production would have been 335,000 bushels. Does it have constant, decreasing , or increasing returns to s..
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