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Suppose your business is currently employing 750 workers, the only variable input, at a wage rate of $48. The average product of labor is 96, the last worker added 6 units to total output, and total fixed cost is $12,000.
A) What is Marginal Cost?
B) What is Average Variable Cost?
C) How much output is being produced?
D) What is the Average Total Cost?
E) Is the Average Variable Cost increasing, constant, or decresing? What about Average Total Cost?
write a four to five 4-5 page paper in which you1. explain why government regulation is or is not needed citing the
Because changes in interest rates produce substitution and income effects that ________, we can't be sure what happens to _______ if interest rates change.
Sally and Joe recently graduated from college, both majoring in history. Joe took a prestigious job as a legal clerk. Sally took a job as a specialist in fighting forest fires. Both received additional training before entering their jobs. Who will li..
What is the equation of marginal costs? At what level of output are average total costs at their minimum?
q.a computer manufacturer developed the following demand curve.q - 700p 80i - 500s 0.01awhere p is the price of a
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
The city of Greenville is concerned about rising rent for low-income households. Several policies being considered. Suppose there are a large number of construction companies, Instead, suppose the government pays each firm $50 per low-cost house buil..
q.investment and monetary policya the economist on the 7th may 2011 printed the followingas vietnams government appears
Intially Starbucks expanded internationally by licensing its format to foreign operators. Why it soon be came disenchanted with strategy.
Assume that Omar's marginal utility for cups of coffee is constant at 1.5 utils every cup no matter Elucidate how many cups he drinks.
Analyze the equilibrium cost and quantity in this case and label it on your graph. Moreover calculate, deadweight loss, consumer surplus as well as industry profits.
Which of the following is true about retained earnings?
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