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Question 1: State a general definition of "productivity".
Question 2: How does an increase in labour productivity affect the cost of producting goods and services? Explain.
Question 3: In 1975 your grand parent experienced a real increase in standard of living of 8%. Inflation was running at 12%. What nominal percentage raise in salary did they receive that year. Explain.
Can an assemblage of liquid droplets be in true equilibrium with its bulk liquid? Explain your answer
What deposit must be made each month until the man retires so that he can make annual withdraws of $40,000 in terms of today's dollars over the next 15 years following his retirement.
Assume that two companies (A and B) are duopolists who produce identical products. Demand for the products is given by the following linear demand function: P = 200 Â- Qa - Qb Where Qa and Qb are the quantities sold by the respective firms.
In what circumstances are auditors allowed to communicate with shareholders?
A bulldozer can be purchased for $380,000 and used for 6 years, when its salvage value is 15% of the first cost. Alternatively, it can be leased for $60,000 a year. Remember that lease payments occur at the start of the year.
A construction company has purchased a crate that comes with a 3-year warranty. Repair costs are expected to average $3500 per year beginning in year 4 when the warranty expires. Determine the present worth of the crane's repair costs over its 15-..
What should be the size of his first deposit (A1)? The first deposit will occur at the end of year 1, and subsequent deposits will be made at the end of each year. The last deposit will be made at the end of year 20.
Receipt of a letter from the tax authorities stating that additional income tax is due for a prior year. 3 Filing of an antitrust suit by the federal government
A worker will be paid $3,000 if she gets at least 40 answers right and $2,500 otherwise. For either type, an hour of studying is as bad as giving up $20 income. What is the equilibrium of this scheme?
Why is that a relevant test? What would the elasticity be if a baseball club were maximizing revenue?
If this was a competitive industry, the resulting quantity would be where P = MC. Solve for the competitive quantity (Q C) and price (P C). Hint: set P = MC to solve for Q, then plug Q into either P or MC equation.
suppose david spends his income i on two goods x and y whose market prices are px and py respectively. his preferences
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