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Suppose that a? firm's only variable input is labor. The firm increases the number of employees from four to? five, thereby causing weekly output to rise by four units and total cost to increase from $2500 per week to $2800 per week. What is the marginal product of the fifth? worker?
Your student loan had an original amount of $80,000, an original maturity of 120 months and a contractual rate of 8.2%.
Craig’s Red Sea Restaurant is the only restaurant in Columbia, South Carolina, that sells Ethiopian food. The demand for Ethiopian food is given by Q = 10,000 - 20P. Craig’s costs are given by TC = 1,000 + 10Q + .05Q2. (A). If Craig behaves like a mo..
Explain how manager could improve and become more "well rounded". Also include what this manager did well. Include observations about the managerial environment.
Economics for Business What were the main changes in the trade agreement between Australia and Japan and what were the main changes in the trade agreement between Australia and Korea?
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the CI.
What is an absolute advantage? What is a comparative advantage? Give an example where you have an absolute but not a comparative advantage. Why should we specialize and trade?
studies on the comparative work habits of the wealthy tell a different story. Research by professors Mark Aguiar. Explain which wealthy person has reservation wage.
Suppose an olligopoly consists of two firms Firm A lowers price and Firm B responds by lowering its price by the same amount. If averages costs and industry output remain the same, which of the following what will occur
Training and Friction. Assuming diminishing marginal product of additional workers and diminishing marginal product of additional hours-per-worker, how would a profit-maximizing arm adjust its mix of workers and hours-per-worker in response to [ceter..
Your pension will pay approximately £6,000 a year British government 20-year bonds yield 2.6%. You are offered a lump sum in return for a waiver on annual payments. How much should you ask for?
Suppose that your great-great-grandmother put $50 in a savings account 100 years ago and the account is now worth $1,600. Use the rule of 70 to determine about what interest rate she earned. show work, please.
He also says he wouldn't mind moving if when he moved he got a raise of $B. What is the value of A and B.
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