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If the price of the final product is 20 dollars and the marginal physical product of labor is 2, what is the wage at the firm?
According to the empirical evidence of La Porta and colleagues, which system appears to be more efficient? list one weakness with this evidence. Assuming that one system is more efficient than the other, why might a country that uses the less efficie..
Is it unethical for the American government to engage in global trade with countries that degrade women, imprison political dissidents, censor information, and the like?
How many different samples of size 2 can be drawn from a finite population of size
Assume that the market price for a physician visit is $100 per visit. A person has an insurance plan that has a $1000 per year deductible. Once this deductible is met, the person’s coinsurance rate goes from C = 1 to C = .20. Let’s look at three diff..
Future annual maintenance costs are expected to be higher. What is the economic life of this machine tool if it is kept in service?
There are two firms in the market that produce pencils. The first firm’s marginal cost curve is given by MC1 = 0.055Q, while the second firm’s marginal cost curve is MC2=0.026Q. Society's benefits are given by 250-4.71Q. What is the consumer surplus ..
How does the tax system foster inequality and effect the economy and market structures? Do you agree or disagree with the need to change the tax system? Do you think changing the tax system is possible in the current political economy? What are your ..
Describe how many days before the due date the cesarean section should be carried out so that there is no more than a 10 percent chance that the woman will go into labor before that date.
We also know structural unemployment rate was 3% and frictional unemployment rate was 2% for the same year.
Suppose that the demand curve for seats at the denver minor league baseball stadium is given as Qd = 6,000 – 200p. How many fans would attend a game if tickets were free and there was no limit on the number of fans permitted in the stadium?
A manufacturing firm spends $500,000 annually for a required safety inspection procedure on its production lines.
A group of students is working on a research project based on the topic of ethical animal care. They have decided that the first step is to clarify the problem they want to address. Which of the following is a qeustion of judgment that clarifies the ..
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