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Q1. A clinic uses doctors also nurses to serve the maximum number of patients given a limited annual payroll. The clinic currently has 10 doctors also 30 nurses. The last doctor hired can serve 300 additional patients, while the last nurse hired can serve 200 additional patients. If doctors make $60,000 a year also nurses make $20,000 a year, the clinic
Q2. Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate?
Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
Based on the information conveyed by the demand curve expressions, how would you explain the price difference between the two meals.
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
What can you say about the level of the real interest rate if people instead are risk averse.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
What factors determine the intensity of rivalry in an industry. Is the intensity of rivalry in the PC industry high or low.
what is the short run equilibrium level of output in this economy.
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