How zillow viewed its marginal revenue product

Assignment Help Microeconomics
Reference no: EM133613939

Problem: In 2021, Zillow, an online real estate marketplace, announced that it would reduce employment by 2,000 workers. What does this decision reveal about how Zillow viewed its marginal revenue product (MRP) and marginal resource cost (MRC)?

Reference no: EM133613939

Questions Cloud

New bookstore and drafted business plan : John opened a new bookstore and drafted a business plan. He described in detail the store's strategic plan,
How best to structure mannys contract in order to induce : Franny wants Manny to sell lots of used cars to maximize the profits for her lot, but isn't sure how best to structure Manny's contract in order to induce his
Marketing would benefit the person in that position : Post a brief job description and why you think a course in marketing would benefit the person in that position
Explain how the nonprofits filled the need : Explain how the nonprofits filled the need. Describe why nonprofits were able to fill the need when other entities were not able too
How zillow viewed its marginal revenue product : What does this decision reveal about how Zillow viewed its marginal revenue product (MRP) and marginal resource cost (MRC)?
What was the particular decision : What was the particular decision which student Gary Dauphin was thinking about more and reexamining due to the influence of his teacher, bell hooks
Craft a legal issue to assist the firm : Craft a legal issue to assist the firm in directing our research in this case. Your legal issue statement should include any facts needed to ensure
What is cost of returning inflation rate back to its goal : If the expected inflation rate rises above the 2 percent goal, what is the cost of returning the inflation rate back to its goal?
What political behavior is meegan displaying and expecting : Meegan often does favors for Leeland, hoping that in the future, Leeland will return the favors when needed. What political behavior is Meegan displaying

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd