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Explain briefly why competitive, profit-maximizing firms hire labor until the marginal product of labor (MPL) equals the real wage.
Herbert spends all $50 of hes paycheck on food and shelter which each cost $5 per unit what is the equation of hes budjet line ? Sketh the budjet line and two possiable indifference curves
If Apple iPod only played iTunes, and iTunes only could be heard on the Apple iPod, could Apple price the technologically integrated bundle any way they wanted?
assume that the drug company can negotiate with the us and foreign governments and thus tries to implement the two-tier
The theory of comparative advantage
what is the definition of price elasticity of demand? explain the relationship between price elasticity and total
exercisegodzilla and macrosoft produce software and operating systems respectively both at marginal cost 10. each firm
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering the price. For some organizations, lowering prices might be an effective means for increasing revenue.
Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government. Explain your rationale.
he columbia company manufactures a battery-powered saw. due to increased demand during the past few years columbia has
what is meant by fractional reserve banking and what are its implications on the money supply. if the reserve
Do you think consumers make purchasing decisions based on general rules of thumb instead of price? Why would consumers do this? What implication might this have for the conclusions drawn about markets? (Post-Keynesian).
the domestic demand for goods x is dd 100 - 20p. the domestic supply of good x is sd 20 20pa. draw the domestic
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