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Question: Wanda's is a fish store that hires students to pack the fish. Students can pack the following amounts of fish:
The fish market is competitive and the price of fish is 50¢ a kilogram. The market for packers is competitive and their market wage rate is $7.50 an hour.
The market price of fish falls to 33.33¢ a kilogram, but the packers' wage rate remains at $7.50 an hour.
How does the students' marginal product change? How does the value of marginal product of labour change?
Susan can install the same more-efficient motor in another assembly line. This other line is producing (and operating) 25% more each year. The more efficient motor has no sal- vage value after a life of 5 years, costs $3000 more installed, and wil..
Determine the profit-maximizing average daily production capacity for DermaPlus for each of the possible reference-based prices identified by the consultant. Estimate the expected daily profit in each case.
An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense? Describe the rationale behind equal prices for unequal distances in air travel using supply, cost curves an..
These multiple choice problems are belong to Economics. The first problem is about constant cost industries expanding operations and the second problem is about price being greater than average total cost for a firm.
which expects to earn at least 18 percent on its investments. Which of two projects would you fund if the decision is based only on financial information? Why?
What effect does a deterioration in a country's terms of trade have on its ability to service its external debt obligations? What effect does a devaluation.
On balance one would argue that our society is mixed on the question of allowing firms to operate with market power; we certainly don't permit unregulated monopolies from operating but we do have a lot of industries where firms are permitted to..
Opportunity cost – faced by any company or country or government in choosing something and leaving other alternates For example – delay in setting up broad band in Australia or not building up infrastructure like high speed rail, roads, housing or po..
What is the value of gross private domestic investment? What is the value of net investment? Are any intermediate goods counted in gross investment?
A consumer's reservation price is the price at which a:
Calculate the nominal GDP for this economy for the given years. Calculate the rate of change on the nominal GDP from 1999 to 2000 and from 2000 to 2001. Calculate the CPI for 1999, 2000, and 2001 using 1999 as the base year
Analysis of the current situation and the recent evolution of this market. Degree of competitiveness and pricing policies: Price discrimination, markups.
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