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Maddie Factory has employed 20 workers whose average product is 1000kg's of wheat. Each worker is given a wage of K2000 whilst the price of each bag of wheat is K20. The factory is considering hiring an additional worker who produces 2000 bags but demands a wage of K3000. Should the additional worker be hired?
After a long period of negotiations, it would appear that the United States and Iran have come to an agreement on the timing and scope of Iran's development of nuclear weapons. Mention and discuss in detail two reasons why the government of Israel th..
Which of the following is an assumption of neoclassical economics?
In 2012, Peter Pan’s Pizza Pizzeria produced and sold 10,000 pizzas at a price of $8 each. In 2013,Peter Pan’s Pizza Pizzeria produced and sold 12,000 pizzas at a price of $9 each. How much did Peter Pan’s Pizza Pizzeria contribute to nominal GDP (in..
The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..
On December 20, 1989, Dixon opened an account at the Eastman Credit Union with an initial deposit if $1000.00. On February 20, 1990, he deposited an additional $1000.00. If the credit union pays 12% interest compound monthly, how much will be in the ..
What advantages do you envision in using this matrix in analyzing product lines? Have you used this tool before?
You have been asked by your supervisor to estimate the cumulative time remaining required to complete a production run from Unit 50 to 500. Determine the time required to complete the remaining production run (50 to 500)
How much money per unit would a typical consumer save each month as a result of the proposed legislation?
Calculate the (point) price elasticity of demand when price is $100. Is demand elastic or inelastic? Calculate the (point) price elasticity of demand when price is $700. Is demand elastic or inelastic?
Why do you think it is that the government has decreased the minimum wage since 1968?
q. budget constraint suppose that there exists two goods in the economy soybeans s and textiles t and their prices are
Suppose the interest rate is 5% and that you are to receive three annual payments of $10,000, with the first payment one year from now, the second payment two years from now, and the third payment three years from now. What is the present value of th..
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