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The variables used to measure the economic growth is the labor and capital and the productivity. The amount of labor is measured by the number of employed workers and the number of hours they work. The labor force consists of the employed individuals are unemployed, but they desire to have a job.
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If there were 60 firms in this market, the short-run equilibrium price of titanium would beper pound. At that price, firms in this industry would . Therefore, in the long run, firms would the titanium market.
A firm produces output according to a production function: How much output is produced when K = 2 and L = 3? If the wage rate is $40 per hour and the rental rate on capital is $20 per hour, what is the cost-minimizing input mix for producing 4 units ..
Explain how has American Express Leveraged its brand into customer segments and created value through different card and program offerings.
We’ve all heard the cliché that “nice guys finish last.” Is this true in marketing? Do firms that use good ethical practices have an advantage or disadvantage? Do you think consumers will pay a few cents more for non-polluting soap or environmentally..
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
What advice did they offer? What information or data did the article suggest a business owner use to help decide on the best financing decisions?
Explain how this tax affects the welfare of foreign consumers and producers. Is world welfare higher or lower? Explain.
How do oligopolies influence market inefficiencies? a. the industry produces less output b. deadweight loss for society is increased c. prices for those goods are artificially high d. the industry makes higher profits
1nbspbarriers to entry help maintain market power and earn positive economic profits.nbsp these factors apply to all
What happened to cause bankruptcy? How did theverything loss of the Apple contract affect fixed cost for the glass supplier? How might this have affected Average Total cost( ATC)? Compare this situation to economies of sale.
Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. Everyone should enjoy open access to health care. Health care subsidies will increase the consumption of health care.
Provide an explanation for your choice of business entity (advantages or disadvantages of the selected type of business entity). Description of the specific steps that need to be followed to successfully and legally start the business.
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