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What are the different decision rules used by the firms in the competitive market and profit and production maximizations?
Explain the challenges in measuring consumer surplus of a free product like major online applications, such as Facebook and Google Search.
What rate of return per month will an entrepreneur make over a 2½-year project period if he invested $150,000 to produce portable 12-volt air compressors? His estimated monthly costs are $27,000 with income of $33,000 per month.
Write the marginal physical product of labor MPPL and capital MPPK and If K = 5000 units and L = 8000 units, what is Y , MPPL , and MPPK ?
Why do you think the Japanese government permitted the to become so overvalued in the first half of the 1990s? Do you think they could have done anything.
Who are the "policymakers" that this chapter talks so much about? What offices do they hold? What are their political and economic philosophies?
Jonas asserts that, if he reduces his spending and saves more, there is no significant impact on the level of income in the economy.
a. What is profit maximizing pricing policy if the manager charges the same price for daytime and evening moviegoers? What is attendance in each showing and what is aggregate profit per day?
the market for social games on facebook is perfectly competitive. the demand curve for games published is given by
since the firm faces an upward sloping curve, it will not pick E* (equilibrium level of employment) How will it decide how much labor to employ, and how will this equilibrium level of employment (E**) compare with E*? Explain the reason for the di..
Why is this an ethical dilemma? Which APA Ethical Principles help frame the nature of the dilemma?
If the elasticity of demand coefficient for a good is 4(in absolute term), we know: a: that for every 1%increase in quantity, there will be a 4% increase in price b: that for every 1% increase in quantity, there will be a 4% decrease in price c: that..
What is the least-cost combination of labour and capital to employ in producing 80 units of output? Explain
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