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Petram Company has two plants, one in the United States and one in Vietnam, and it cannot change the size of the plants or the amount of capital equipment. The hourly wage in Vietnam is $5, while the hourly wage in the United States is $20. Given current employment, the marginal product of the last worker in Vietnam is 100, and the marginal product of the last worker in the United States is 500. Based on this information, answer the following questions.
Write a justification for capital purchase (1,000-1,200 words) to your vice president as to why the purchase would be a good investment for the hospital. Include a one-page executive summary for your proposal.
If a specific subsidy (negative tax) of s is given to only one competitive firm, how should that firm change its output level to maximize its profit, and how does its maximum profit change
In your opinion, is it a good idea to impose a heavy tax on e-cigarettes? Why or why not? If the government needs extra revenue, is this tax a better option than other taxes?
Suppose that the price of flavored milk is increased by 5 %. What impact will this have on the demand for Columbia Brother's coffee?
As a result, collusion among private companies often seeks to divide market areas to maximize monopoly profits. To illustrate the competitive process in markets dominated by few firms, assume that a two-firm duopoly dominates the market for weekly..
What is it and how do we represent this information in a graph (You do not need to draw a graph to answer this question correctly)?
A 1996 nill reforming the federal goverment's antipoverty programs limited many welfare recipients to only two years of benefits.
This is a post from Ben Bernanke's blog. The purpose of the post is to explain why interest rates are so low and the role that the Federal Reserve (the Fed) plays in determining the rates.
1. economists have announced that the country is experiencing aninflationary gap. what economic symptoms or indicators
There is a stretch of I-81 in Virginia where there is a single cellular carrier that has roaming charges for any cell phone calls made in its territory. It is the only cellular carrier in that territory, and it is confident that no other cellular ..
Since 1990, energy use per person has either remained fairly stagnant or has increased in different nations and regions of the world. Match the nation or region with the trend in energy use per person since about 1990. Column preview China. increa..
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following: Tax payers Future Social Security and Medicare users Write a 350- to 1,050-word paper that details your team's findings.
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