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Suppose that the marginal product of labor is: MP=100-L, L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, the wage rate for labor is $100. How many workers should I hire?
en spends her afternoon at the beachood also drinks rather than expenditure an equal amount of funds to go to a picture.
Illustrate what effect does the current supply and currently demand have on this product.
you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. What technology available to produce your product suddenly improves.
Illustrate what is the difference between absolute advantage and comparative advantage. If a country has an absolute advantage in both goods.
Elucidate problem which is posed by any comparison over time of the market values of various total outputs? How is this problem resolved.
The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job.
Explain why a weaker dollar could involve the UK balance of trade deficit.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
Forestry products account for nearly 3 percent (%) of Canada's GDP also 14.1 percent of its exports.
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
Discuss what happens to equilibrium price and sales. Explain why or why not this makes sense in the real world.
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