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If the value of the marginal product of factor x increases as the quantity of x increases and the value of the marginal product of x is equal to the wage rate, then the profit-maximizing amount of x is being used. True or false? Please explain the answer
the palms dry cleaning shop in fort lauderdale florida faces a highly seasonal demand for its services as the
Why is it profitable for the firm to pay efficiency wage when workers have better information about their productivity than the firm's do
suppose the consumption function isc 400 billion 0.8y and the government wants to stimulate the economy. by how much
Weighted-Average Process Costing at Nally & Gibson Nally & Gibson produces crushed limestone, among other products, used in highway construction.
Noting that just one or two firms might be able to produce and sell similar products at lower prices than the many firms that sell quite similar products in the US, some people argue that monopolistic competition is wasteful. Why would many consu..
One supply-side measure introduced by the Reagan administration was a cut in income tax rates. Use an aggregate demand/aggregate supply diagram to show what effect was intended. What might happen if such a tax cut also shifted the aggregate demand cu..
Provide a conventional description of the data, including averages and SDs for the two variables, the correlation coefficient, and a scatter diagram.
For a particular DRAM design, the cell capacitance CS =35 fF and VDD =1.2 V. Each cell represents a capacitive load on the bit line of 0.8 fF. Assume a 20-fF capacitance for the sense amplifier and other circuitry attached to the bit line. What is..
Effects of wage stickiness and the shape of the aggrate supple curve,effect of expectations on aggragate demand. Phillips Curve, natiral rate of unemployment, expacted inflation , the relationshipe between AS-Ad and the Phillipe Curve.
Distinguish between total and average fixed costs, Define and graph total variable cost, maginary cost, and average variable cost, Calculate total cost and explain the relationship between average total cost and marginal cost
1. Define macroeconomics. Identify and briefly discuss the 3 goals of macroeconomic policy.
What are some of the possible policy actions to address this problem, if there is any problem ahead?
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