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A competitive firm sells its output for $45 per unit. It employs 30 workers, and the marginal product of the 30th worker is four units of output per day. It pays its workers a wage of $150 per day. What will help the firm make the right decision regarding hiring a 31st worker?
For the 30th worker, the value of the marginal product of labour is $600 or for the 30th worker, the marginal revenue product is $600
The Company you work for is considering the acquisition of new equipment. The required initial investments of $45,000 and the projected cash benefits over a three -year project life are $14400, $17340, and $25760;
These multiple choice questions belong to Economics. The first question is about the stages in total product curve and the second question is about increase in total output by hiring an additional worker.
the solutionnbsp turn blue-black at 4differentnbsp times. the concentration of iodine ion will have changed by 0.0020
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Economic concerns to research: Research data sets for the one economic concern within the South American country that you have chosen.
Professor Michael Porters generic strategy options for competing are the differentiation approach and cost leadership approach. The first involves competing by having the better product and second by having lower cost that ones competitors. Relate..
draw the relevant diagrams for a typical farm and for the market as a whole when the market for wheat is in long run
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Determine the economic benefits, if any, to the consolidated entity from tax savings as a result of this intercompany transaction.
japan has a total ban on imports of foreign rice. japanese rice consumption is completely dependent on domestic
Write a paper about "Price and income elasticity of the demand for health insurance and health care services in the US".
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