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A firms production function is given by Q = 10 x (EM + EF)1/2, where EM and EF are the quantities or male and female employees. Males and females are perfect substitutes. Please note that the marginal product of labor is given by the equation MPE = 5/(EM + EF)1/2. The firm sells its output for $50. The market wage for males is $25 and the market wage for females is $15. How many male workers would the firm hire if the employer did not discriminate? How many female workers would be hired? What are the firmâ€TMs profits?
Illustrate what is the equilibrium price of tickets to the event. Calculate the price elasticity of demand at the equilibrium price.
Why would equilibrium cost of SUVs such as Ford Explorers and Chevy Trailblazers be lower than equilibrium cost of subcompacts.
Needs advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry
Find out the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Suppose that interest earnings are reinvested each year and themselves earn interest.
If there is no tariff, explain how much does customer pay for a pound of coffee. Illustrate what is the quantity demanded.
When consumer is provided a $50 gift certificate that is good only at store X, she moves to a new equilibrium at point D. Prices of goods X and Y. Explain how many units of product Y could be purchased at point A.
Do recent economics actions justify greater regulation in the financial services industry Wall Marts continuous replenishment system illustrates a tactical utilize of information services.
Does overvaluation (undervaluation) of As currency reflect a major capital inflow (outflow) into country. What can you find with respect to financial account of balance of payments to substantiate that interpretation.
The manufacturer's managers are convinced that they could make more sales if they could convince the retailers to carry a full line of products. How could the manufacturer induce its retailer to carry a fuller line of products
Compute the equilibrium interest rate by setting the overall demand for money equal to the overall supply of money.
Using appropriate diagrams and notations,carefully explain the relationship b/n elasticity, total revenue and marginal revenue. 2,discuss the uses of elasticity of demand.
what is the short run equilibrium level of output in this economy.
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