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Q1. A dry cleaner currently has 10 workers also 4 machines. The workers' wage rate is $300 every worker also the rental rate for a machine is $500. The last worker added 600 units to total output. Assuming that the marginal product of labor is constant between 10 also 11 workers also the marginal product of capital is constant between 3 also 4 machines. If the dry cleaner utilizes 11 workers also 3 machines instead, then
Q2. if the prevailing marketplace price is $16 every unit, Elucidate how much should the industry produce?
Government budget going from deficit to surplus and the simultaneous enactment of an investment tax credit.
Use calculations to examine the alternatives available to Assiniboine Narrows. Then, based on your calculations, make a recommendation as to the preferred course of action.
Explain how does the concept of dualism adequately portrays the development picture in developing countries.
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
Use the orange points square symbol on the graph below to plot the short-run industry supply curve for the wheat industry.
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What would you expect to be the effect on interest rates if the Fed held the money supply constant.
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
Line segments will automatically connect the points. Remember to plot from left to right also plot among integers.
The firm has monthly cash expenses of $180.what is the projected ending cash balance at the end of February.
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
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