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Q. According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company. It is well known to many companies have management training programs in that latest trainees are paid relatively high starting salaries also are not expected to make substantial contributions to the company until after the program is over ( programs may run among 16-18 months). In offering such training programs, is a company violating the optimality rule?
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
The relative price rule is equivalent to saying the marginal utility per dollar is the same for both goods, or goods should be consumed in the same ra5tion as their relative price.
Briefly explicate whether Turbo has a dominant strategy. Briefly explicate whether there is Nash equilibrium in this game.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
Does the patent system encourage duplicative efforts solely for the chance to be first.
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Should Roscoe's Rascals match the price offered by the competitor.
Compute the upper also lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
The client would like to know what output level should it select that will keep the competitor from changing its output.
Two consumers Jorge and Admen, together own 1,000 baseball cards and 5,000 Pokémon cards.
Consider the first price auction. Write down the payoff matrix also find all Nash equilibrium
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