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Q1. Assume that for a particular industry the only variable input into the production process is labor also that output equals zero when no workers are hired. In addition, Assume that marginal cost of the third worker hired is $40 also the average total cost when three workers are hired is $50. Illustrate what is the total cost of production when three workers are hired?
Q2. Illustrate what are the three contingent environmental resource evaluation methods also Illustrate what is their significance?
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
Which of the following would occur if the federal government decided to use a budget surplus to reduce the existing debt.
Suppose the owner of the trawler can sell al the fish caught for $75 every 100 pounds also can hire a man crew members as desired by paying them $150 every week.
With the decrease in demand for bridge and tunnel crossings, what is the optimal way to adjust tolls: raise tolls, lower tolls, or leave unchanged.
Depict the von Neumann-Morgenstern utility index u in a diagram
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign.
Defend your use of either monetary policy or fiscal policy to do this.
Assume the current rent is also equal Illustrate one would commonly expect for the future.
Solve for steady-state level of captial and output. What savings rate would be necessary to achieve a steady-state output of 150.
Can Alpha make a credible threat to punish Beta with a retaliatory price cut
If the government imposes a limit on sales of a good or service by issuing a license that gives the owner the right to sell a given quantity of the good, the difference between the demand and supply price
Specify whether you agree or disagree with the statement as it appears on the topic survey.
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