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Q. Frank Gunter owns an apple orchard. He employs 87 apple pickers also pays them $8 per hour to pick apples which he sells for $1.60 per box. If Frank is maximizing profits, illustrate what is the marginal revenue product of the last worker he hired? Illustrate what is which worker's marginal product?
Q. Give at least 5 reasons why it might be the case which M1 increases while M2 decreases. Please try to come up with real examples: it's not enough to say which savings account decreased. You also have to tell me why also how (i.e. where is the funds in savings account gone?)
Report demand graphic as well as independent variables that are relevant to absolute a demand analysis providing a rationale for the selection of the variables.
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
Illustrate what are the factors that determine the demand for and provide of money.
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages.
Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
Illustrate graphically the equilibrium of such a monopolistic firm.
Assume which the United States presently both produces kumquats and imports them.
Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate
Use supply and demand model to explain the dramatic rise in the price of a college education.
The total demand as well as for money is equal to the transactions demand as well as plus the asset demand as well as for money.
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