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An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages. The agency decides to hire operators to monitor calls in order to attain the optimal number of personal calls (minimize total cost of personal calls). Number of Operators Total minutes of personal calls (per hour) 0 600 1 480 2 410 3 370 4 350 What is the most the agency would be willing to pay the first operator? A. $300 B. $240 C. $120 D. none of the above
Why do we still have problem of "unemployment" ? How could we solve the problem? Which one is better fixed or flexible exchange rate of unemployment ?
economic indicators graph
Society seeks for monopolists to operate at the point where _______ = MC which is the lowest point on the ATC curve (the most efficient). A) D B) ATC C) MR D) AVC
What are economic growth and the growth rate? Economic grow: It rise in a country is real level of national output like measured through Gross Domestic Product (GDP). Wh
what are the types of exchange rate
Question 1: (a) Distinguish between the short run and long run profits of a competitive firm by using graphical representations. (b) Compare and contrast between perfect c
using the marginal utility theory explain the consumption patten of consumers
#questionKeynes liquidity Preference theory stipulates that money demand is negatively related to current income and positively related to interest rate..
The below diagram demonstrates how all the variables are determined in classical model: Figure: Determination of all the variables in the classical model a) Start at
Subsistence theory of wage determination
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