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How is the original neoclassical assumption model for the labour market set up? How do you get the iso profit curve?
Most managers and executives believe their firm has an opportunity to take advantage of economies of scale; however, many firms do not. Slect one of the questions below and respond - How could you determine if your firm has economies of scale?
Presume there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X*Y UB(X,Y) = 2X + Y The initial endowments are: A: X = 4; Y = 2 B: X = 6; Y = 8. Is the initial allocation Pareto Efficient? What is the margina..
Local steakhouses suffer from the popularity of sushi and start incurring losses. What will happen to the number of steakhouses in town in the long run? Explain your answer.
a)Explain how the marginal principle and the pollution tax work together to determine the optimal amount of pollution abatement. b)Economists say that labor demand is a derived demand. Explain the concept of derived demand.
Integrating problem Samantha Roberts has a job as a pharmacist earning $30, 000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generate revenue of $200,..
If research proved that malt in beer prolonged life would consumers change their consumption of beer? Explain your answer
Define depository institution, and discuss types of depository institutions are found in the U.S. and how do they act as intermediaries between savers and borrowers?
Why is elasticity of supply important when it comes to analyzing the operation of the market system Think back over the last century: what factor do you suppose has most influenced the elasticity of supply of aluminum, automobile, and petroleum in..
consider a firm with the following production schedule and a fixed cost in the short run of 19. this fixed cost comes
assume an economy with an ae curve with a slope of 1 where a one percent change in real interest rates changes real gdp
develop a table that you believe shows the explicit fixed costs of the bread factory and the total amount of the
Describe the current culture of the outsourcing country. Illustrate your company's ability to manage both multiculturalism and diversity in order to build multicultural team effectiveness.
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