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Explain how the method used to determine the profit- maximizing level of output in product markets (i.e., MR = MC) can be applied to the labor market to determine the most profitable number of employees a firm should hire. Can you restate the equation to make it fit the labor market? Provide a brief explanation also.
Which of the five characteristics listed in the text for human service professionals do you think is most important? Explain why.
Suppose that in January 2014, Joe Biden had borrowed $50,000 from his bank and paid an interest rate of 3%. He paid it back on December 31, 2014. What was the nominal interest C rate that Mr. Biden paid to his bank? (1) What was the real interest rat..
You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..
Consider the distributional effects of agricultural productivity due to global warming. Discuss some of the ramifications this outcome would have on regional economies, national economies, and world trade.
What does the change in prices after a significant change in interest rates say about the relationship of price and interest rates.
q. write a 3-page minimum 750 words response to the following problem. mirk labs is a pharmaceutical company that
q1. target a multinational corporationinternational company and the practice of outsourcing to third world countries.
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why? Do you consider your loc..
q1. are all expenditures of a government included in the calculation of gdp for that nation? explain why or why not? if
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
Jerry bought a house for $400,000 and made an $80,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly. the nominal annual interest rate was 6% after 10 years (120 payments) he sold the house and paid the ..
where, q is the quantity demanded at price p when the person’s income is I. Assume initially that the person’s income is $40,000. Show work & calculations. At what price will demand fall to zero? If the market price for gizmos is $10, how many will b..
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