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Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 yuan. If Starbucks is maximising its profit,
a) What is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbucks? Briefly explain your answer.
b) What is the employee’s marginal product per hour of the last worker employed? Briefly explain your answer
c) Substantial foreign capital has been flowing into mainland China since the early 1980s. How has this affected the wages and workers employed in China? Explain with a diagram.(refer to labour)
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table.
If there is initially a federal budget surplus, and government purchases and transfer payments both fall:
Discuss the four Cs that are determinants of high performing teams, and explain how they contribute to superior performance of teams - Explain, in detail, how culture, structure, and systems can support or discourage teamwork.
Each point along the market demand curve shows
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Which of the following is/are not "valid" strategy options for entering and/or competing in foreign markets? A franchising strategy and a strategy of licensing foreign firms to use the company's technology or to produce and distribute the company's p..
What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply
Illustrate what role does each marketplace structure play in the economy.
There exists a debate among monetary policymakers as to the appropriate inflation measure that should be used to guide policies. Four alternatives are the consumer price index, the consumer price index excluding food and energy prices, the personal c..
Suppose an industry is composed of six firms. Four firms have sales of $100,000 each, and two firms have sales of $50,000 each. Explain how concentration ratios are calculated. Determine the concentration ratios in the market. Explain how the Herfind..
q.consider the following cobb-douglas production function for the bus transportation system in a particular cityq
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
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