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Suppose a car wash firm that has 3 workers is able to wash 120 cars per day. When it adds one more worker, it is able to wash 152 cars per day in total. Suppose each car wash costs $15. Then the marginal revenue product for the 4th worker is ?
Please enter a whole number, with no decimal point.
Missy Walters owns a mail-order business specializing in baby clothes. Missy is confident the dollar amounts of all her orders are normally distributed or nearly so. Assume she knows the mean and standard deviation are $249 and $46, respectively, ..
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at information on business inventories and unfilled orders?
Suppose that you hire workers to address and stamp envelopes. Each worker earns $5 per hour and produces 50 addressed, stamped envelopes per hour. You have unlimited free office space and can therefore add as many workers as you want with no fall-..
A company deposits 2000 in the bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% intereest, how much would be in the account at the end of 15 years?
Suppose Fred deposits $8,000 in cash into his checking account at the Bank of Bonzo. The Bank of Bonzo has no excess reserves and is subject to a 5 percent required reserve ratio.
Beta Corporation received permission to change its tax year from a calendar year to a year ending August 31. Its income for the eight months ended August 31 is $96,000.
Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential distribution. (a) What is the expected time between arrivals (b) What is the variance of the time between arrivals
Illustrate what happens to the supply of new homes. What happens to the demand for new homes.
Illustrate what would be various variations and perspectives from current economic downturns
Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.
amount of hours a week to be split between market-labor and home-labor. Assume that A can make $20 of market goods per week and $10 household goods per week; assume B can make $10 of market goods per week and $20 of household goods per week.
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
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