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The question is: Your firm is considering increasing production by 1000 units. This change will make your price fall to $3 a unit. These additional units will cost the firm $2800 in variable cost (total) but can be produced in the existing factory because you are below capacity. Without this change, your firm will lose $50,000 this year. Should you increase your production? Explain.
Indicate the following transactions entered in to the U.S balance of payments with double-entry book keeping.
What is the energy source for the electron microscope? What is the energy source for the compound microscope?
What determines the impact of technological change on the demand for education or skills? Assess the views about the effects of technology on the labour process. Com-pare and contrast the views of Braverman, Engerman, Leontieff, Marx, and Mokyr.
If a bank becomes worried about the future, it may decide to increase the level of excess reserves it holds in hopes of avoiding a trip to the Fed's discount window. If a large number of banks increase their excess reserve ratio, or the share of tota..
An investment bank is planning to interview 10 job candidates, randomly chosen from the applicant pool. Individuals differ in their abilities to put together deals and perform other functions that are part of an investment banker’s job.
discuss the one presented in the Bruntland Commission Report
Analyse the effects of the following events using the loanable fund market diagram where we have (real) interest rate on the vertical axis and the quantity.
The distinction between the short run and the long run for a perfectly competitive firm or a monopolist is that:
Consider two neighbouring island countries called Bertland and Ernamia. They each have 4 million labor hours available per week that they can use to produce wheat, clothing, or a combination of both. The table below shows the amount of wheat or cloth..
Which of the following events would unambiguously cause a decrease in the equilibrium price of computers?
Compute both Burton Cummings's explicit costs every month also his implicit costs every month. Compute the opportunity cost of the resources utilized by Burton Cummings each month.
For the Cobb-Douglas production function in Problem 6.7, in can be shown (using calculus) that. If the Cobb-Douglas exhibits constant returns to scale (a+b=1), show that Both marginal productivities are diminishing.
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