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The marginal ?revenue product is:
a. ?an increase in the profit of a firm with an increase in the output by one unit.
b. ?the value that all the unskilled workers contribute to a firm.
c. ?the value that an worker contributes to a firm.
d. ?the output per unit of worker employed by a firm.
e. ?the value of all the final goods and services produced by a firm.
$150,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual compound interest for 2 years, and 4% annual compound interest for 2 years. If uniform annual withdrawals occur over the 6-year period, what will be the magn..
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
What is the profit maximizing condition for the firm when choosing the optimal level of labor? Write down the condition in REAL terms. Suppose the Labor Supply Curve is given by Ns = 92 + 6w. (w is the real wage). Obtain the Equilibrium real wage and..
What does it take to ensure that Starbucks' customers are satisfied? (Why) Is satisfaction an important metric for Starbucks to manage? Maximum of 50-75 words
A production process exhibits economies of scale if:
In March 2010, Greece announced that it might have trouble in the future paying off the bonds it had sold to finance its huge government deficits. Use a demand and supply graph for the Greek bond market to illustrate why the interest rate on Greek go..
Natasha has been told that if she reduces the thermostat setting on the heating system at her home by 1 degree, she will be able to reduce her present annual energy consumption of 5,000 kWh of energy by 20%. In doing so, she will be able to save as m..
Calculate the year in which income every capita in the United States was equal to year 2010 income every capita in India.
The rate of growth in the US economy is currently 0.5% annually. Your mission is to increase our growth rate to at least 4% annually, without setting off unacceptable levels of inflation. Think of ways to use your fiscal and monetary policy tools to ..
On a graph that has risk probability on the vertical axis and fullness of insurance on the horizontal access. The "probability of risk lines" slope up, What observations can we make from this graph?
In the Keynesian-cross model, an increase in the real interest rate shifts the expenditure line _____ and short-run equilibrium output _____.
During the recession of 2008-2009, and even after the recession ended, we saw the use of many monetary policy tools to stimulate the economy. Please find one article from an established source (newspapers, respected magazines, and so on), documenting..
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