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Q. Pickles at the Sour Pickles Ranch are picked either by labor or by a machine. Labor can be obtained very cheaply - the going rate is $8 per hour, while the cost of using a machine for one hour is $32. The ranch is currently using only labor to pick pickles on an 800 acre farm. On average each worker can pick approximately 4 bushels of pickles per hour, while the additional pickles contributed by a pickle-picking machine are 40 bushels per hour. You have already determined that the machine is more efficient than labor, if SPR decides to take your recommendation and use a machine to pick pickles and eliminate all of its work force (labor), Illustrate what would be the cost saving of this change?
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
There are one large and two small car dealerships in a town. The large dealer begins selling cars way below cost in an attempt to drive the small dealerships out of business. Once they are out of business, the large dealership knows it can raise pric..
A basic assumption for comparing the straight-line production possibilities curves for two nations is that the production possibilities curves reflect.
Cutting the corporate income tax can potentially increase the pace of technological change resulting in the aggregate supply curve shifting to the right.
In your discussion, differentiate between the taxes that are imposed by local governments and those that are imposed by the state and federal government.
q1. consider the following market demand and supply curves.p9 .4 qsp30 - .3qdwhere p is the price per unit in dollars
Illustrate what will be the total consumer surplus to those consumers.
Compute the arc price elasticity of demand for the price of paperback books falling from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.
Illustrate what factors seem to be most important in determining development also why
Illustrate what about burning all but one of his ships made to a utilize, powerful strategic commitment for Cortes in Mexico.
Describe each alternative`s break even pontin unit. At what volume of output would the two alternative yield the same profit.
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