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What are the two primary factors that influence a firm manager's choice between a labor intensive and a capital intensive method of production? Explain how a manager should make his or her choice in selecting the amounts of labor and capital to use in ploanning production.
Suppose that the town council needs to raise $300,000 in revenue and decides to do this by taxing the cigarette market. What should the excise tax be in order to raise the required amount of money?
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
If the demand for money depends positively on real income and depends inversely on nominal interest rate, determine what would happen to the price level today if the central bank declares.
Suppose that the repeated application of a pesticide used on orange trees causes harmful contamination of groundwater. The pesticide is applied annually in almost all of the orange groves throughout the world.
For a perfectly competitive syrup producer whose average total cost curve does not change, an economic profit could turn into an economic loss if;
Illustrate the price elasticity of demand at the equilibrium price and quantity.What is the price elasticity of supply at the equilibrium price and quantity.
Determine what is a government budget deficit and how does a federal budget deficit affect the economy?
"A substantial number of relatively unskilled persons reported that they can't find work. At the same time, there're many unfilled jobs for relatively skilled people. Apparently, the problem is that there're more unskilled peop..
What would be the loan contract that a bank in a competitive banking industry would accept to loan Newvel worsens. Specifically there is a 50 percent chance of earning $200 million and a 50 percent chance of earnings only $40 million. Fixed costs ..
Illustarte what are the main costs of production for the good or service your organization supplies. Breakdown the costs from the largest to the smallest.
How would a downward change in the money supply affect someone personally How would it effect a person's career What impact would rational expectations have on a person's decisons in this situation
Elucidate the dispute resolution options available to Bobbie Sue and Suzy Q and the primary differences between each option.
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