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Imagine a firm that hires two types of workers: some with computer skills and some without. If technology advances so that computers become more useful to the firm.
What happens to the marginal product of the two types of workers?
What happens to equilibrium wages? Explain.
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff?
shut down her business in the short run but continue to operate in the long run. continue to operate in the short run but shut down in the long run.
Select an organization that has a high fixed cost and low variable cost balance to run its operations. Explain and discuss the balance of fixed and variable costs for the organization.
Evaluate the forecast error measures and residuals to determine if the error is acceptable or has systematic variation. Write conclusion relative to the acceptability of the forecast.
Marginal propensity: 0.63 - 0.76 what is expenditure multiplier? wil increase from __ to _____ and if multiplier increases, everything else equal. changein expend. will raise aggreg. ependiture to a [larger,smaller,same] amount
What is the average fixed cost of producing 2 units of output based on the following table:
The market price of a basic digital cell phone fell due to increased production.Demand for office space in major US cities dropped significantly between 2009 and 2010.
Given that Y=900 and want consumption and investment are given through, Fill the entries as you require to answer the questions.
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?
In the competitive industry, reduction in property tax rate on fixed capital (plant) would reduce the fixed cost of all firms. This would have the following short-run effects on P, Q, and q respectively.
Explain the difference between internal and external stakeholders. How should a project manager prioritize the needs of each group of stakeholders?
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