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Let p denote the price at which a firm sells the good it produces, MPi(x1,x2) the marginal product of input i = 1,2 when the combination of inputs is (x1,x2), and wi the price of input i. If pMP1(5,9) > w1, then should the firm use more or less than 5 units of input 1 in the production process?
Calculate the number of days it would take for the vendor to no longer need to borrow money in order to purchase $10 of vegetables and the day number on which no loan is needed?
What should be the loads assigned to Processes R and T if demand for the product is 5,500 units?
Defenders of Communist economic systems may point out that customers pay lower values for certain goods because government imposes a limit on what manufacturer may charge.
1. a reason for diseconomies of scale isa gains from specializationb costs of information and communicationc
in january 1 2002 there were 15 member countries in the european union. twelve of those countries eliminated their own
use the following information to calculate accounting profit and economic profit.sales 100employee expenses 40inventory
1. suppose the market for melons can be described by the graph below. show all work in your answers.a. if jons maximum
suppose that current workers compensation policy a provides employees injured on the job a payment of x each year
your facility has the following payer mix40 commercial insurances25 medicare insurance15 medicaid insurance15 liability
Example of market failures. In each case, identify the type of market failure and explain why it compromises efficiency.
suppose the poorest 90 percent of citizens actually have an income of $15,000 because each receives $5,000 of unreported income from the underground economy. what is the Gini coefficient now?
Suppose the price of product B increases to 3. What happens to quantity demanded of both products?b. Calculate the arc cross-elasticity between product A and product B using prices for product B of 2 and 3. c. Are these goods substitutes or complemen..
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