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The marginal ?revenue product is:
a. ?an increase in the profit of a firm with an increase in the output by one unit.
b. ?the value that all the unskilled workers contribute to a firm.
c. ?the value that an worker contributes to a firm.
d. ?the output per unit of worker employed by a firm.
e. ?the value of all the final goods and services produced by a firm.
Should the government/private citizens be concerned about the size of the national debt? Do you think the country would be better off with zero debt? Are there any positives associated with the debt?
Suppose the demand for a good that monopolist produces is P = 20 - Q. The monopolist's total cost is TC = 2 + 6Q. What is the profit maximizing quantity and the price of the monopolist?
Category Amount:: Durable Goods $1,000, Non-Durable Goods 2,500, Services 7,000,Fixed Investment 1,800, Changes to Business Inventory 35, Investment in Stocks & Bonds 5,500, Federal Government Purchases 1,200. Using the above table determine the amou..
Consider a free market with demand equal to Q = 60-4P and supply equal to Q=2P. What is the value of consumer surplus? What is the value of producer surplus?
Toward the end of the recent recession, the economy was characterized by a ‘‘jobless recovery’’— output and hours worked were rising, but employment was not. Explain what may have been happening.
what is the consumption function b. what is the equation of the AE curve c. calculate equilibrium expenditure
What are the advantages and disadvantages of a “bailout” for an industry such as financial or automotive? Please give several examples and document any sources/data as appropriate. What is your opinion about government involvement and financial suppo..
How does a government spending and tax policy act as automatic stabilizers for the macro economy? Given the logic of the automatic stabilizers, why should we be concerned about deficit cutting efforts during a recession? What types of lags in fiscal ..
What would happen to the size of the cattle population if Americans decided to eat substantially less beef? Explain the logic underlying your answer. Does private ownership entitle the owners to do anything they want with their property? Why or why n..
q.the clear brook high school band is holding a car wash as a fundraiser to buy new equipment. the average time to wash
Describe the roles of government bodies which conclude the national fiscal policy
During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set.
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