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Overfishing refers to catching fish at a rate that does not allow the fish to repopulate. What is the fundamental problem associated with overfishing of the oceans? What might lead to underfishing?
Calculate marginal productivity (MP) and put this in the table. At what level of employment does diminishing marginal productivity begin? At what level of employment does marginal productivity become negative?
your firm designs training materials for computer training classes and you have just received a request to bid on a
If the utility could have reduced its emissions at a cost of $50 per ton, should it have done so? Why or why not?
Do more people enter higher education? If yes, shouldn't there be more intergenerational mobility? If the answer is no, what is the problem or specifically, why isn't higher education no longer the avenue for intergenerational mobility?
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result.
If we examine the market for rice in USA during the year2007 and 2009, the demand of rice was higher in the year 2007 but it felldown during the year 2009, due to the drop in the export demand of rice.
It is found that the amount of income not declared is, on average, different among the countries. Discuss possible explanations for this finding.
A firm sells its product in a perfectly competitive market where other firm charges a price of $40 per unit. The firm's total costs are C(Q) = 40 + 8Q + 2Q2. a. How much should the firm produce in the short run b. What price should the firm charge i..
Company Y is a monopoly industry. Its contribution margin is estimated at 20% (P-MC)/P = 0.2). From past experience, the owner has determined the following relationship exists between expenditures on advertising and total sales
The long-run elasticity of demand (a year or longer) is .75. How much additional revenue can you expect in the first year, ignoring any growth in population of smokers? By how much will smoking be reduced? What about the second and subsequent year..
The Wilson Company's marketing manager has determined that the price elasticity of demand for its product equals -2.2. According to studies he carried out, the relationship between the amount spent by the firm on advertisin
Suppose Mary earns $13 an hour installing transistorized digital chips in electronic calculators. If you were unemployed, would you offer to work for $8 an hour to get the job Why might a profit-maximizing employer turn down your generous offer
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