What would you do in the short term

Assignment Help Microeconomics
Reference no: EM132132868

Question: Answer Questions: your answers should be no more than a short paragraph of 3-4 sentences for each of the following questions.

Assume that a firm's analysis of its balance condition shows the following: PL = $10, PK= $100, MPL = 30, and MPK = 290. As a decision maker in this firm, what would you do in the short term to improve the firm's condition and how might you do it? Be sure to include the equation for the balance condition in your response.

Reference no: EM132132868

Questions Cloud

Standard of living of unskilled workers : From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers
Overall assessment explaining : Is trade zero sum? Explain the ways in which it is and the ways in which it is not as well as an overall assessment explaining why or why not?
What is last year margin : At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics - What is last year margin
Benefits of individualism in the workplace : Benefits of Individualism in the workplace? Think back to previous positions you have held and consider someone you thought was a good leader.
What would you do in the short term : Assume that a firm's analysis of its balance condition shows the following: PL = $10, PK= $100, MPL = 30, and MPK = 290. As a decision maker in this firm.
Benefit most from the budget of government : Can you someone help me highlight the mistakes and/or half-truths in each of the following statements.
Explicit costs of using market-supplied resources : Calculate the explicit costs of using market-supplied resources, Total economic cost, the firm's economic profit and accounting profit.
Draw correctly labeled graph of the long-run phillips curves : Assume that the natural rate of unemployment in Canada is 4%. Draw a correctly labeled graph of the long-run Phillips curve and label it as LRPC.
Discuss the logic or illogic of these accounting rules : A building classified as part of PPE is accounted for differently from building classified as Investment Property. Discuss logic or illogic of accounting rules

Reviews

Write a Review

Microeconomics Questions & Answers

  Suppose the elasticity of deamnd for cereal is

Suppose the elasticity of deamnd for cereal is 1.If cereal increases in price by25%, how much will the quantitiy demanded decrease by?

  Can revenue increase by lowering the price of thinks

A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.

  Identify which two concepts you are analyzing

Convince us you have attended and read all applicable material. Clearly identify which 2 concepts you are analyzing, and also include a link to the article you are responding to.

  Two small open economies-fixed and flex

Two small open economies, Fixed and Flex, can be described by the Mundell%u2013Fleming model. The countries are otherwise identical except that Fixed maintains a fixed exchange rate, while Flex maintains a flexible exchange-rate regime.

  What are the expected values and variances

Compute the probability of failing to stop at an intersection, given the driver was on the cell phone.

  How the budget affects economic activity

Normal 0 false false false EN-US X-NONE X-NONE How the budget affects economi..

  Summary of the case study - mcdonalds case study

Write a summary of the case study. In your summary, be sure to discuss the external environment in which McDonald's operates and how the environment influences its strategy.

  Calculate the price elasticity of demand for each group

The makers of academic books find that, when they raise the price of the average hard copy book from $50 to $75, quantity demanded among students drops from 100 to 90. Among casual readers, quantity demanded drops from 80 to 40.

  Did the fomc change the target for the federal funds rate

Did the FOMC change the target for the federal funds rate? If so, what was the change? On balance, in its statement does the FOMC appear to be more concerned about slow economic growth or high inflation?

  Calculate free market equilibrium wage and quantity of labor

Suppose that you have been hired to analyze the impact on employment from the imposition of a minimum wage in the labor market.

  Define the effects of the minimum wage law

Some economists studying the effects of the minimum wage law have found that it tends to reduce the employment of black teenagers relative to white teenagers.

  Question 1consider a market with the following supply qs

question 1consider a market with the following supply qs and demand qd curvesqd 200-2pqs25at the market equilibrium

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd