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A firm produces Product A and Product B. This years sales price of Product A have decreased tremendously, and the sale of Product B has increase by 10 percent. The firm has threeemployees that can produce Product A and five employees that can produce product B. Due to the employees high salaries, the firm will basically break even in regards to profit. What would be an optimal decision for the firm, if it would like to make profit next year without eliminating any employees?
What is meant by procedural programming? What are the advantages of object-oriented programming?
2 companies are competing for output. The leader firm knows the market demand to be P=1200-Q. The demand for the other company is Q2=400-0.5Q1. Both companies are have marginal cost $200. How much output will the leader company produce?
The city of Touristburg has implemented a lodging tax equal to 2% of gross revenue at local hotels. If you stay in a hotel that costs $250 per night for 3 nights, how much will you pay in lodging taxes? The city of Touristburg estimates the annual gr..
Two economists, Lynch and Wyatt, are discussing the currently high unemployment rate. Lynch says that something ought to be done quickly since the economy may not be able to restore itself to full employment. Wyatt says that it is better to take a "h..
q1. referring to the output and substitution effects explain why an increase in the wage rate for autoworkers will
Why are entrepreneurs willing to supply goods and serices for consumers at attractive price - Is it because they care personally about the consumers?
A single-price monopolist sets price?
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to w=7 andr=7. In which..
What do you conclude about the implications for the role of government in reducing education costs in order to increase the human capital of the U.S. population? Explain
How would you "setup" your router so that a DHCP server is able to serve across multiple segments of networks?
It is assumed that quantity of item is intended of other items find out probability that first faulty item doesnot occur in the first six selected items.
about the situations when a differentiation strategy is chosen? Provide specific real world examples.
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