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suppose that the firm's only variable inpuyt is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the average total cost?
Why manufacturer guarantees the computer for one year only. The cost of the extended warranty is $150. Analyze this proposition using the concepts you learned in the module on risk analysis.
The cost leadership approach implicates competing by having a lower cost than one's competitors
Describe the strategies utilized by the critics of the infant formula companies. Elucidate the concerns of the critics of the formula companies.
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
What is the short-run equilibrium price. What is the short-run equilibrium market quantity.
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
Explain how much output should be produced in palnt 1 in order to maximize profits. Illustrate what price should be charged to maximize profits.
Converse Elucidate how you might go about evaluating the rate of return for the new equipment.
Elucidate why would a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
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