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The following question requires complete understanding of interactions between production and profit maximization. Be careful with the IF-THEN statement. If a competitive firm minimizes its cost of production subject to output, it then maximizes economic profit. True or false and explain.
Describe why a company in a perfectly competitive market would choose to remain in business, if its profit is zero at equilibrium.
In Chicago 120 people are wants to work as cashiers if the wage is $6 a hour. For each $1 that the wage rises above $6 an additional 40 people are wants to work as cashiers.
A company has a technology described through the production function, Calculate the quantity of labor demanded by the firm and cost minimizing K/L ratio.
Solving Question about Risk & Variance, a statistical measure of the degree to which securities' returns move together is called,
A monopolist's marginal revenue curve crosses its marginal cost curve a twenty per unit & one million units. the price that consumers are wants to pay is thirty per uint.
Suppose that the risk free rate is 8 percent and the expected rate of return on the market is 18 percent.
The Alex Corporation uses two inputs, A and B, to produce boats. The production function for boats is given through
Explain why the Governor might be concerned about a slowdown in productivity growth and explain the implications for monetary policy due to this slowdown
If a firm wishes to break-even at 20,000 units, its variable cost per unit is $3, and its fixed cost per period is $40,000, its selling price per unit will have to be;
A new manager recently was given an project to make two possible wage schemes for a design firm. The manager came up with the following packages:
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25 percent in last year.
Would the reward system vary among retailers, manufacturers, distributors, financial organizations? What other characteristics should good performance incentives have?
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