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Does the equal marginal principle apply to personal decisions when you have limited income and time? How do you allocate a limited amount of study time when faced with three exams on the same day?
What exactly is marginal
What is the current rate of unemployment
how many workers should Ms. Smith hire? (Ms. Smith should hire workers as long as their marginal revenue product (MRP) exceeds their marginal resource cost
How much total utility does the consumer receive
Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
Consider that there is now a website that helps professors check for plagiarism by comparing student papers with millions of online pages using the top 20 search engines. The system even identifies papers composed of bits and pieces of online text.
Why is perfect competition usually a preferable market structure compared to monopoly? Discuss the conditions under which a monopoly would be the preferable market structure for productive efficiency.
Explain the Law of Diminishing Returns and how it impacts cost of production. Be very detailed. You're welcome to use graphs or charts in the answer.
did monetary policy contribute to the economic crisis of 2008?nbsp why or why not?nbsp how did monetary policy makers
You are the manager of a firm that sells a commodity in a market that resembles perfect competition, and your cost function is C(Q)= 2Q+3Q2. Calculate the expected market price.
d. Describe algebraically the inverse demand curve faced by the firm in this instance. Provide a graph that is consistent with your answer. Based on this graph, explain why this is called the kinked demand model. (Hint: the equation for th..
Presume technology improves and that workers are not the same (as opposed to what we discussed in class). Some are high skilled (like those with a college degree) and some are low skilled (like those with a high school degree).
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