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Since a firm that is a perfect competitor in both the labor market and the final product market has hired the optimal amount of labor where the value of marginal product equals the wage, if the price of the product the firm sells doubles, will the wage paid by the firm double? Why?
A bank is offering a loan of $12,000 with a yearly interest rate of 12% compounded monthly and payable in 48 months. Calculate the monthly payments This bank also charges a loan fee of 4% charged at the time of the closing of the loan. What is the ef..
A multiple regression equation is created with 4 independent variables and 24 data observations. The resulting F value is 4.10. If all other statistics for the regression are acceptable would you use the regression to forecast data for your business?
Consider a market characterized by the following demand and supply curves: Qd = 1600 - 20p and Qs = - 900 + 30p. If regulators decide to restrict payments by setting a price ceiling equal to $35, how many units will be sold or bought? Calculate the ..
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
Explain to your non-economist friends what this means, including considerations regarding the measurement of unemployment rates that can underestimate it. As a group of economic advisors in the campaign of an unnamed presidential candidate, what poli..
Robert’s New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. What are the profit-maximizing price and output levels? Explain them and calculate algebraic..
How much money must be invested in an account that pays 6% per year interest to be worth $20000 at the end of 8 years of (forgetting the leap years and making "convenient" assumptions) : annually
If the US dollar depreciates in relation to the Japanese Yen, then Question 3 options: 1) US consumers would find Japanese goods have become more expensive. 2) US consumers would find all foreign goods have become more expensive. 3) US consumers woul..
Suppose the following table reflects the domestic supply and demand for compact discs (CD’s). Now suppose that foreigners enter the market, offering to sell an unlimited supply of CD’s for $6 apiece. Illustrate and identify.
q.a firm is using 30 units of labor and 20 units of capital to produce 4000 units of output. at this combination the
How to do Empirical Investigation part of my project. my project as on Volkswagen company and this stage is the last stage. while in this stage my professors want to do empirical study which should include the following things. Planned research metho..
Find out equilibrium cost and quantity. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.
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