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Q1. Frank Gunter owns an apple orchard. He employs 57 apple pickers and pays them $15 per hour to pick apples, which he sells for $3.00 per box. If Frank is maximizing profits, what is the marginal revenue product of the last worker he hired? Elucidate what is worker's marginal product?
Q2. If the U.S. dollar were to appreciate substantially, what steps could a domestic manufacturer like Indiana, Cummins Engine Co. of Columbus which in advance to diminish the consequence of exchange rate fluctuation on company profitability?
Q3. If Boeing's dollar aircraft prices increase 20 percent and the yen/dollar exchange rate declines 15 percent, what effective price increase is facing Japan Air Lines for the purchase of a Boeing 747? Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged? Why?
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
Explain the strengths and weaknesses of using monetary policy in comparison to fiscal policy when promoting economic activity.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
What factors influence Under Amour's ability to make an economic profit in the cross-training shoe market.
Show graphically the effect on the supply and demand for Bonds in a deflationary period.
The government wants to increase real GDP demanded to $15 trillion at the given price level
Using your understanding of the financial system, the demand for money, banking and the money provide, interest and spending, the stock market, interest and investment.
The terms of trade if the united states trades 1 can of soda for 5 units of clothing.
Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
Prepare a table with values from all four cases as well as compare the sensitivity of the model solution to changes in parameter values.
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