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What is the link between marginal revenue product and wages? Due to there being discrepancies between the productivity and resource offerings (i.e., education, skills, experience) in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product? Does this notion of marginal revenue product and wages conflict with minimum wage laws?
Calculate the equation for Sara's budget line (with bags of popcorn on the left side). Draw a graph of Sara's budget line with the quantity of smoothies.
Three machines are employed in isolated area. They each produce 2,000 units of output per month, the first requiring $20,000 in raw materials, the second $25,000, and third $28,000.
If Firm 1 has marginal cost of MC=10 and Firm 2 has marginal cost of MC=5, what will be the Bertrand equilibrium price in this market?
If interest rates, opportunity costs of investment, happened to be the same in both emerging-economy nation and developed countries, what could account for faster upward shifts in the latter group’s planned investment functions?
Suppose you bought a ticket to a football game for $30 and that you place a $35 value on seeing the game. If you lose the ticket, then what is the maximum price you should pay for another ticket?
What is the law of demand? Give two examples of how you have observe the law of demand at work in the "real world." How is law of demand related to demand curve
Then, I want you to resume reading the third article which discusses what has happened since the deal was rejected by the US Govt.
Normal 0 false false false EN-US X-NONE X-NONE A project has a first cost ..
Suppose that there are only three types of fruit sold in the United States. Annual sales are 1 million tons of blueberries, 5 million tons of strawberries, and 10 million tons of bananas.
1. consumers in queensland pay twice as much for avocados as they do for peaches.however avocados and peaches are
Jerry bought a house for $400,000 and made an $80,000 down payment. the rest of the cost was paid with a 30 year loan. Payments were paid monthly. The nominal annual interest rate was 6% after 10 years he sold the house and paid the remainder of the ..
What are the expected mean and standard deviation for your sample, assuming the distributor's claim is true? (Show your work)
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