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The demand for labor is said to be a derived demand. explain this and distinguish it from the typical demand we assume when speaking of the demand for cars or apples. Make-up a numerical table that shows total production, average product and marginal product of labor in the short run. Define each term in words as well. Why is it important to stress this is a short run analysis? if your table shows a point of diminishing returns, identify it and define the concept. Explain why a firm would never be found producing before average product of labor is at its maximum. Re-draw a firm's total, average and marginal product functions assuming that diminishing returns sets in with second unit of labor hired.
An individual competitive firm’s short-run supply curve is the portion of its marginal cost curve that equals or rises above the average variable cost. Describe why
a firm must raise 10 million dollars in funding for a capital investment project. 2 million will be raised by issuing
a monopolist has determined that marginal revenue is 2.00 and average cost is 1.75. it has also determined that the
you have been asked by the payroll department to create a program that will calculate the weekly pay for the companies
The long-run aggregate supply curve is vertical at economy's potential output level. Why is the long-run aggregate supply curve situated at his level of output rather than below or above the potential output level?
Bank case analysis: first national bank
Suppose that in an economy a $40m increase in consumption leads a $200m increase in national income. Calculate the value of this economy's marginal propensity of save.
On their way to their chosen resturant, they see that the Mexican and French resturants are closed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?
What is the profit maximizing level of output for this monopolist? What price will the firm charge? What profit will the firm earn and what are your answers to (a) if average consumer income is $30,000?
Want the duration of its assets to be greater than the duration of its liabilities - a positive duration gap.Want the duration of its assets to be greater than the duration of its liabilities - a negative duration gap.
Under what conditions will a firm shut down operations in the short run? Identify an example you are familiar with, or have identified during research, of a business that has temporarily shut down operations in the short run. What led to this decisio..
what do you think the impact on the firm will be of the loss of the ceo under an ethical cloud? what do you think
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