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A firm is making a long-run planning decision. It wants to decide on the optimal size of plant and labor force. It is considering building a medium-sized plant and hiring 100 workers. Engineering estimates suggest that at those levels, the marginal product of capital will be 100 and the marginal product of labor will be 75. If the wage rate is $5 and the rental rate on capital is $10, is the firm making the right decision? Support your answer.
suppose the hotel in the lecture example raised its price from 30 to 30.50. with the new price the hotel expects 96
calculations Definition and explanation of the indices Discussion about what the specific indices mean in relationship to the overall article and how they impact each other Appropriate evaluation, decisions and forecasts that could be made from th..
Discuss and explain the income and consumption relationship make sure to describe marginal propensity to consume. If you received an extra dollar, how much of it would you spend?
Industry supply and demand are given by QD = 1000 - 2P and QS = 3P. Determine the equilibrium price and quantity?
Do price reductions always result in higher profits? For example, If the demand for a firm's product is price inelastic, will the firm increase its profits by cutting its prices? Explain.
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -2. The firm's marginal cost is constant at $10 per unit. a. Express the firm's marginal revenue as a function of its price. b. Determi..
The production processes are interchangeable, and production can be adjusted depending on market conditions. The demand for both products is highly elastic in terms of price elasticity, and customers perceive the two products as close substitutes f..
the demand for haddock has been estimated as log q ab log pc log i d log pm where q quantity p price per pound i
Conduct a meta-analysis of the author's economic perspective of the issue, provide a brief overview / synopsis of the issue and discuss the model or economic theory that relates to the issue presented in the news article.
japan life insurance company invested 10000000 in pure-discount u.s. bonds in may 1995 when the exchange rate was 80
addressing overall expenditures in the u.s. health care industryconsider whether in your view the overall costs
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
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