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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?
Does the Hershey business show evidence of economies of scale (decreasing AC) or diseconomies of scale? What is your evidence? (you perhaps have to look at it's total product and output for last couple of years
How many autoimmunity tests per year will have to be performed on the array machine to break even?
Estimate teh demand equation. what do the regression results indicate about the desirability of discounting the price? Explain
The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?
What is the balance sheet the United States uses to account for international payments made/paid and for international payments received?
At April 30, partners' capital balances in PDL Company are: G. Donley $48,100, and J. Pinkston $17,600. The income sharing ratios are 5 : 4 : 1, respectively. On May 1, the PDLT Company is formed by admitting J. Terrell to the firm as a partner. Lama..
Suppose identical price setting duopoly firms have constant marginal costs of $50 per unit and no fixed costs. Consumers view the firms products as perfect substitutes. The market demand is Q=150-p
A MN legislator proposes that increasing the tax on cigarettes from $1 per pack to $2 per pack. Our legislator believes this tax increase is justified because of the health risks from cigarettes. Is this tax increase economically justified? Explain c..
Discuss opportunities to expand in U.S., what would take and potential hurdles firm would have to overcome. Be sure to identify specific retail companies that could potential sell CPI's products, markets that would be attractive and some of financ..
The firm has access to a perfect credit market with interest rate r. What is the maximum price the firm is willing to pay for a fork lift?
Suppose that market demand for golf balls is described by Q = 90 − 3P, where Q is measured in kilos of balls. There are two firms that supply the market. Each firm has a constant unit cost of 10. Suppose the firms compete in quantities. How much does..
Taxes increase
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