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Problem: Assume Starbucks pays each worker $15 per hour. In 5 hours, 3 workers serve 250 customers. What must the average revenue per customer be for labor productivity to equal 5.0?
Evaluate the terms of the loan: How much money is the borrower seeking? What will the monthly payments be? How large is this monthly payment relative
In 1962 the USSR moved atomic weapons into Cuba. In retaliation, the United States created a naval blockade around Cuba and prepared to attack the island.
Below is a production function for a firm that turns two variable factors of production, capital k and labor l, into a single output y. Labor is freely variable in the short and long run. Capital is fixed in the short run, but can be varied in the lo..
Currently, the law prevents courts or police from releasing information about the criminal records of people under 18 years old. Members of certain minorities.
If the price of labour falls to $300 per day for a unit of labour and the price of capital remains $1,500, which process is now economically efficient, Alpha
Foreign investment - Discuss the role of foreign investment in the context of the diffusion models
In Venezuela, the president confiscates land from owners and then gives the land to whom he wants. How would you describe Venezuela's private property rights?
Calculate the output, q* produced by a typical firm in a symmetric NE as a function of n. Calculate an expression for the NE profit, profit* as a function of n
If the interest rate is 6% and cash flows are $4000 at the end of year one and $5000 at the end of year two, then the PV of these cash flows iz Show all work.
Table below gives total cost of producing widgets for variable output levels:
Identify and explain which of the ethical decision-making approaches you used to arrive at your decision.
Describe the U.S economic performance during the past ten years. Please make use of time series data on employment, inflation, GDP, and trade balance. Tables and graphs are strongly encourage. ((Answer should not be less than 1,000 words)
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