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A community planning on charging a fee for trash pickup might structure the fee in any of several ways. It might, for example charge a fixed amount per can, an amount per pound of garbage, or a flat fee per month regardless of the amount of garbage. How would each of these affect the amount and type of garbage produced? Which system would lead to increase in the use of trash compactors? Which would lead to the most garbage?
You are the manager of a new firm that can choose between two technologies for producing output using only labor. Technology A can produce two units of output for each hour of labor input. Technology B can produce three units of output for each hour ..
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
Identify, at least, five factors that are likely to cause the increase in the demand for nurses and five factors that are likely to cause a decline
The Cognitive evaluation theory is contradictory to reinforcement also expectancy theories.
Your papers must demonstrate a comprehension of the issue based on facts, not opinion. Facts may be from the course or other stated references.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
Which of the following statements are true about a competitive price-searcher market? Check all that apply.
A firm has two production processes with the following marginal cost curves:
Suppose that the production function is y=ka, where y and k denote production per unit of effective labor and capital per unit of effective labor, respectively. Suppose also that the saving rate, the depreciation rate, the growth rate of the populati..
Suppose you are the owner of any type of hypothetical start-up business. Suppose your total revenue is currently increasing when you use more inputs (materials, labor, machines, etc). Do you think you are maximizing the total profit in this case?
The salvage value is expected to decrease by $20,000 each year to a value of zero. Using an interest rate of 8%, determine the economic life of the press.
The accountants hired by Ohman Shoe Company have calculated fixed costs to equal $30,000, variable cost to equal $100,000, and total revenue to equal $110,000. Because of this information, Ohman Shoe Company decides
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