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Question: Kaiser's Ice Cream Parlour hires workers to produce milk shakes. The market for milk shakes is perfectly competitive, and the price of a milk shake is $4. The labour market is competitive, and the wage rate is $40 a day. The table shows the workers' total product schedule.
If the price of a milk shake rises to $5, how many workers will Kaiser's hire?
Suppose the Federal Reserve adopts a tight money policy to slow the economy down because of its concern about potentially rising inflation.
Making Predictions Suppose that your state wanted to make health care more affordable for everyone. To do this, state legislators put a series of price control.
What is the multiplier?
A small town wants to acquire an electric generator facility for half a million dollars. It will cost approximately $4,500/year to maintain the facility. The facility has an expected useful life of about 50 years. The annual interest rate is 6%
Find the optimal solution to this problem using the simplex method. Write out each simplex tableau, and show all your work in arriving at each tableau. Clearly label each tableau.
Prepare and organize thoughts for your presentation. Remember that your objective is clear for this presentation. You are required to summarize the article, identify and explain its purpose, and define key terms
Do you think that NAFTA has forced the US economy to reallocate its resources to more capital intensive goods? If so, what would be the long term impact on economic growth?
For the building permit data, estimate both the linear trend model and the constant percentage growth rate model. Which is the better model according to the appropriate statistical measures?
Why do you think the Microbead Act became law so quickly (especially in our legislative system) while the Main Street Fairness Act has yet to be passed?
Sources used to research this person 4-5 non-web based (Periodical, date, pages, etc. MLA) with works sited on the last page. Do not reference the course text book.
Identify two products that have either fallen sharply in price or gotten significantly better without price increases. Explain why. If an oligopolist knows rivals will match a price cut, would they ever reduce their price?
Explain why a stable economic equilibrium requires the economy to be operating at an output level at which the aggregate demand curve, the long run aggregate supply curve and the short run aggregate supply curve all intersect
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