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A manager hires labor and rents capital equipment in a very competitive market. Currently, the wage rate is $10/hour and capital rental price is $5/hour. If the marginal product of labor is 50 units of output per hour and the marginal product of capital is 40 units of output per hour, is the firm using the cost-minimizing combination of labor and capital? If not, should the firm increase or decrease the amount of capital (labor) used in its production process?
What is the probability that he will not get a hit in his next three consecutive times at bat?
q1. compute the elasticity of demand for fords automobiles or choose a specific make model and interpret what the
How do venture capital boards differ in composition from the boards of companies that have been bought out and why would a board have special voting rights? How do these address some of the basic tenets of private equity?
q.suppose you go to buy a gm car. the car is priced at 24000. the salesperson offers you financing along free interest
How can you use the parts to describe the differences between the operation of one bike and another?
How do prices, output, and profits differ between monopolies and monopolistically competitive firms.
Using the principles of covered interest parity, Explicates how a local industry can utilize a LC loan to synthetically create a 1-yr USD loan.
Refer to the above diagram, which shows demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from S0 to S1 might be caused by a(n): government subsidy per unit of output paid to firms p..
What would have been the saving to Medicare reimbursement rates are higher for bigger city hospitals compared to the smaller city hospitals
Consider the following statement, paraphrasing one lament by fans. “Fans can never catch up with the vicious cycle of sports event pricing. As fan income rises, they can finally afford the high price of sports events
Elucidate why would new textbook sales fall in the yrs subsequent the release of the latest edition.
Should the "Golden Age of Capitalism" be understood as a process of increasing globalization or de-globalization? Support your answer with a discussion of the rise and fall of the Bretton Woods system.
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