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Questions:
How does the market reward those who have invested in human capital-the acquired skills of an individual in the areas of education, training, and work habits? Cite specific examples from your community to support your answer.
Draw the diagram showing the cost structure of price taker and a market price well above minimum average cost. Given that any firm is price taker, how can a firm capture any economic rent (profits in excess of opportunity cost of capital)?
Use the following information to answer questions 1-5 Marginal cost of producing the third unit is.
Characteristics of the Various Market Structure- Identify a firm for each of market structures and explain why each firm belongs in market structure identified.
your university is probably an m-form organization. its president administers schools for example a college of business
A friend of yours is in the market for a new computer. Four different machines are under consideration. The four computers are essentially the same.
the depreciation schedule for a machine has been arrived at by several methods. the estimated salvage value of the
Assume that in the perfectly competitive industry the equilibrium industry quantity is 10,000 units. Assume that the monopoly output is 5,000. For a 2-firm Cournot Oligopoly (N =2) known as a duopoly, what is the likely Cournot QUANTITY for the in..
Suppose the inflation rate is 5%. Suppose the marginal product of capital in a firm is 8% but that in the course of production, 6% of capital is worn out by depreciation. What is the nominal return associated with an investment in capital, and why..
Identify two elastic and two inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.
Some firms will lobby their legislative bodies to impose barriers to entry. Can anyone think of groups or firms that do this?
What is the significance of the coefficients a and b in the production function associated with the human capital management Solow model
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