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You are currently using three printing presses and five employees to print 100 sales manuals per hour. If the MRTS at the point is 0.5 (capital is on the vertical axis of the isoquant map) the you would be willing to exchange _______ employees for one more printing press to maintain current output.
q1. suppose we use two inputs lets say capital and labor and the price of capital is pk and the price of labor is pl.
Kath has $80 (income M) to spend on pizza (good 1x) and coke (good 2x). The price of a slice of pizza is $4 and the price of a can of coke is $1. If Kath buys only pizza, how many can she buy? Formulate the intercept-slope equation of Kath’s budget l..
you relate concepts in this week's readings to a prior real world experience. Experience does not necessarily have to be work experience. Examine market equilibrating process in relation to your experience.
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
Distinguish between discretionary and nondiscretionary fiscal policy. Which is most effective at combating unemployment? Which is most compatible with a "free" market?
Illustrate what does a contraction Gap imply about the actual rate of unemployment relative to the natural rate
1. explain the difference between the stackelburg and the cournot duopoly models. outline the process by which a
Indicate whether there will be economies of scale, diseconomies of scale, or constant returns to scale if the facilities are built optimally.
The Wall Street Journal's experience after it increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about price elasticity.
If we had efficiency in the duopoly, what would the market quantity and price be? How does this compare to your answer?
In terms of the shareholder wealth maximization model, if the expected future profits of a firm are cut in half, what should happen to the share price?
Are the requirements different for managing content with different sized organizations? For example, would it be more difficult for a multinational company compared to a local company.
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