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Which of the following changes would lead to a change in production function? More Machines, better ideas, savings rate, output, depreciation rate? More than one choice can be chosen.
As a manager, Explain how would you decide Explain how many workers to hire. Illustrate factors might play a role in your decision.
Using Cournot model we have two firms with demand function of P=150-2Q and both have total cost of 30Q. What is the price each firm 1 and firm 2 will charge - can you work so I can understand?
At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
goods and services that are not sold in markets such as food produced and consumed at home and some household articles
College Copy Shop (CCS) compiles, copies, and sells reading materials to students. The compilations are prepared on the instructions of professors, who indicate which parts of which publications should be included for their students. Which type of in..
Explain whether transfer payments, such as Social Security and unemployment compensation, are counted as government spending in calculating GDP.
Discuss stress and how it varies across cultures. How do legal, cultural, and economic factors influence product policy? Why are brand names an important marketing tool for international business?
Determine the profit maximizing output and amount of profits for the firm. If the market demand increases to Q(d) = 57 - 4P, determine the new profit maximizing output and profits.
Suppose a worker’s skill is captured by his efficiency units of labor. The distribution of efficiency units in the population is such that worker 1 has one efficiency unit; worker 2 has two efficiency units, and so on. Assume there are no migration c..
Elucidate how each of the following would affect the demand schedule you derived.
What are the major motives for undertaking FDI for a small firm whose sales are dwindling in its home market? For firm what wants to enter a country with high trade barriers? For a firm with high manufacturing costs in its home market? For a hotel ch..
The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.
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