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Most firms require labor to produce output. The number of workers to hire is often an important decision of the firm because it affects the costs and profits of the firm. Write a 2- to 3-page paper on the following issues:
Suppose you are the manager of the firm. What advice would you give the owners to raise the productivity of its labor? Be specific in your proposal.
Several cities across the United States have passed legislation to raise the living wage. How would this policy affect your firm?
Use the readings from the background page. Make an argument for or against living wages in your city. (Note: the living wage calculator is a useful tool to determine the cost of living where you live).
auto manufacturers must continue to improve the fuel efficiency of vehicles and at the same time reduce emissions.
1. aggregate expenditure what are the components of aggregate expenditure? in the model developed in this chapter which
What is the maximum technical efficiency output level for this firm ? On the diagram above, AVERAGE FIXED COST is the LOWEST at .what Quantity ? On the diagram above, AVERAGE VARIABLE is the HIGHEST at. what Quantity ?
Widgetland has 60 workers. Each worker can produce 4 widget(s) or 4 wadget(s). Each resident in Widgetland currently consumes 2 widget(s) and 2 wadget(s). Wadgetland also has 60 workers. Each can produce 3 widget(s) or 12 wadget(s).
This question is about Heckscher-Ohlin (H-O) trade theory. Country A and country B both produce wheat and cloth. Each product needs two factor inputs, land and labor. Assume country A is labor abundant and cloth is a labor intensive good.
What is the maximum capital cost of the conversion unit for which a refiner should proceed with the investment and what does this tell you about the significance of estimating future product prices?
In a recent conversation a policy maker argued that since DEWA is monopolist, they are charging higher price and lower output is produced. He further mentioned that government should split the entire unit into small pieces so that competition can dri..
the demand curve for a product is given by qdx 1200 - 3px .01pz where pz 300.a. what is the own price elasticity of
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
between 1984 and 1985 the money supply in the united states increased from 570 billion to 641 billion while the
If a taxi company adds a tenth cab, the company's total daily cost will increase to $4,800 and its total revenue will increase by $100 per day. Should the company add the tenth cab?
1. What do you think will be the basic problem of financing Social Security in the next 25 to 30 years 2. What would be the benefits of an open, free market for human organs 3. What do you think of a recommendation to privatize Social Security
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