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A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000.
a. What is the marginal product of labor?
Physician’s offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb). Name three other providers of urgent care services. Emergency departments, urgent care clinics, and wal..
In the imperfect competitive market of jeans, Lean Jeans, Inc., recently offered rebates of $1 off the regular $50 price. Quantity sold jumped 4 more jeans from the previous 100 figure the previous month.
Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. • What are the required reserves of People's National Bank Does the bank have any excess reserves
Every year management and labor renegotiate a new employment contract by sending their pro-posals to an arbitrator who chooses the best pro-posal (effectively giving one side or the other $ 1 million).
Changes in real GDP serve as a better measure of the health of the economy than GDP because real GDP measures:
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
suppose there are 12 firms in an industry.nbsp the percentage of total sales is given in the following
Normal 0 false false false EN-US X-NONE X-NONE Calculate total cost and explain the relationship between average total cost and marginal cost. Discuss how revenues and costs affect the profit-maximizing levels of out..
let us consider a hypothetical economy that is described by the equations shown belowc 300 0.75 yd - 300 rt 100
1. why is a z score a standard score? why can standard scores be used to compare scores from different distributions?2.
choose one of the distribution methods. write 1-2 paragraphs of 100-200 words that explains the distribution method
Suppose market demand and supply are given by Qd = 300 - 4P and QS = -50 + 3P. The equilibrium price is: a $35. b $40. c $50. d $60.
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