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Suppose that the economy improves and the crime rate in West Philadelphia drops, so that the marginal product and average product of a group of 100 police offers is now 55 arrests per hour for any number of police officers. What is the optimal allocation of 500 police officers between the two areas now?
Hair Grow Co. has a demand curve of P=101-.00002Q Marginal cost for producing Hair Grow pill is $1. Illustrate what is the profit-maximizing price and quantity. What is the profit.
Explain why Chrysler's decision might have been prompted by movements in its wage costs or capital cost, or both.
A laboratory centrifuge costs $80,660 and has a $5530 salvage value with an 8-year recovery period. The estimated annual operating cost is $7000 per year. Use the double declining balance method with switch over to straight line to determinate the bo..
Suppose that England experiences higher inflation than the United States and at the same time the pound appreciated relative to the dollar. What does this imply?
In a one page synopsis explain the following statement - A monopolist can control the price or the quantity sold, but cannot control both
Determine the possible circumstances under which the company should discontinue operations.Suggest key actions that management should take in order to confront these circumstances.Provide a rationale for your response.
will have to rise the money supply to keep the price level from falling.can keep the price level stable without altering the money supply or interest rate.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line
The engineering team at Manuel’s Manufacturing, Inc., is planning to purchase an enterprise resource planning (ERP) system. The software and installation from Vendor A costs $380,000 initially and is expected to increase revenue $125,000 per year eve..
q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly
Construct a numerical example to show that the exclusion of municipal bond interest from income taxation is equivalent to a government subsidy of state and local capital spending. Assume you believe that income is a good proxy for ability to pay. Wha..
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