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Think of the company that sells the product or service you identified in DQ #2 during Week One. Explain how and why the company would use the concepts of average productivity and marginal productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
Just breaks even over the year as whole. a Wouldn't the restaurant do better by staying closed out of season. At what cost will it shut down, given that all its fixed costs are sunk.
Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
Assume that in addition to policy action described above, Fed decides to sell a massive amount of Treasury bonds from open market. Elucidate in detail effect of this policy action on size of money supply.
Which of following statements is true of a monopoly firm. Drug companies are engaging in price discrimination, but this might improve global social welfare if it gives more people access to drugs
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
How much profit does each firm earn. Ignoring antitrust considerations, would it be profitable for your firm to merge with Fasten It If not, explain why not; if so, put together an offer that would permit you to profitably complete merger.
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted?
Discuss and explain similarities and differences in the roles economists play as policy makers and as scientists.
More than 85% of McDonald's restaurants around the world are owned by independent franchisees.
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be leived.
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