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Discuss the potential role of the following factors on the steady-state level of output per worker.In each case, indicate whether the effect is through A, through H, or through some combinationof A, K, H.a. Geographic locationb. Educationc. Protection of property rightsd. Openness to tradee. Low tax ratesf. Good public infrastructureg. Low population growth
You are looking at the hat market. Hats sell for $15 each, and the variable cost of producing hats is Cv(H)=.25*H^2, with marginal cost MC(H)=.5*H. What is the highest fixed cost you would be willing to pay and still enter the market
Making dresses is a labor-intensive process. Indeed, theproduction function of a dressmaking firm is well described by theequation Q = L - L2/800, where Q denotes the number ofdresses per week and L is the number of labor hours per week.
What incentive conflict was being controlled by these loyalty payments? What advice did Intel ignore when they adopted this practice?
Assume that a monopolist considering to spend 500.000 usd on large campaign to promote the their products.The demand curves are defined by p = 150 - 3q, where q is the output-quantity in 1000-usd. By executing the campaign the firm expects the new de..
the price the supplier will charge the stores dependson the size of the total weekly order for all of the stores. weeklyorder price perpackge how many packages should be purchase per week,and at which of the five prices listed..
Sean Bell invested $10,000 on a blue chip stock five years ago and paid a commission of $90. He sold it today for $14,192.20 and paid the same commission, exactly 5 years and 4 months since the stock was bought. Determine the rate of return on thi..
The additional cost of hiring an additional unit of labor times the additional cost of producing each additional unit of output.
Atlanta, Baltimore, Chicago, Denver, St. Louis, and Fort Lauderdale. Based on the pie's apparent success, the company is considering a nationwide launch. Before doing so, it has decided to use data collected during a two-year market test.
Montana is home to a number of firms offering wilderness hunting experiences to wealthy city dwellers. However, the profits of such firms depend on how crowded the "wilderness" is and how many deer are available.
a cell phone company is considering investing in additional cell phone towers. it estimates that if it builds k towers
Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $30 million per year and a variable cost of $1 per bag no matter how many bags are produced.
An individual lives in a world where there are only two goods, X and Y. His utility function per period is given by: U = 25x - 0.5x^2 + 50y - y^2 The price of x is $4 and the price of y is $8.What is his marginal utility of money equal to at this l..
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