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Q1. How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost?
Q2. Firm XYZ measured its MP of labor curve to be the following: MP = 4000 -2L where L is the number of hours of labor hired per day. XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labor should XYZ hire each day to maximize its profits?
How can the issue, perspective, concept or model enhance and enrich understanding of International Economics.
Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
According to the rule of most favorable input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the corporation.
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Suppose we randomly poll 500 Americans and ask them whether they believe that the parents are involved. What is the distribution of the sample mean.
Explain why the different definitions are important also explain the different procedures of the money supply.
Which of the variables above is NOT statistically significant at the 0.05 level.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.
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