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A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000.
a. What is the marginal product of labor?
The marginal revenue product of labor is: a. how much labor can be purchased with the revenue from the sale of one more unit of the good. b. how much does the marginal revenue change when you add more labor. c. the same as the marginal revenue produc..
What should be the amount of the tax? Draw a graph representing the situation - How should the government adapt its policy to respond to this new information?
the following table presents data for wars in the market for internet security professionals.in the labor market the
Assume that a $100 at February 1, 2014 will worth $110 on January 31, 2015 and was $ 90 on January 31, 2013: Compute the interest rate for past and next year. Are they the same? What is the annual interest rate for the two years period?
If some auction participants for crude oil field leases have estimates that the oil in the ground is worth $1.2 million, $1.3 million, or $1.5 million with certainty; and other auction participants have estimates that the same oil f..
BAA is a private company that operates some of the largest airports in the United Kingdom, including Heathrow and Gatwick - The additional cost BAA incurs each time one of the 90 different airlines utilizes the runway is £950 provided 70 or fewer ai..
a firm in a purely competitive industry is currently producing 100 units per day at a total cost of 450. if the firm
a firm has two semi-autonomous divisions production and marketing. the production division manufactures a product that
What is the group that determines the start and end dates to recessions? What indicators do they study to make these chronological decisions?
In the analyses below, when drawing your diagrams assume that students can choose among only two products on campus, namely tobacco and food.
provide an intuitive explanation of the principal-agent problem and discuss any mechanisms used to mitigate the
Liz needed to remember to pick up lunch for her writing staff
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