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Suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. The wage rate is $25, and the price of capital is $130. The last laborer adds 25 units to total output, while the last unit of capital adds 65 units to total output. Is the manager of this firm making the optimal input choice? Why or why not? If not, what should the manager do?
Two organizations (one Non-profit and one for-profit) are considering different alternative courses of action within their organizations.
Use supply and demand analysis to describe why equilibrium price of apples will increase and the equilibrium quantity will fall if an excise tax is levied on apples.
Assuming that the merger faces some threats and that the steel industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expansion via capital projects.
With an unprofitable rural hospital that was offered a contract at a lower price, what are major economic concepts that are important in making the right decision?
How do education and heathcare impact the economy externally? Make sure that you show the relationships between education, healthcare, and the economy.
Marginal rate of substitution increases as he or she consumes more of a good.C. the law of diminishing marginal utility holds.
Derive the FOC and SOC conditions of profit maximization for this firm. Show that SOC is satisfied (impose necessary conditions). Which plant will have a greater increase in output? Please explain why.
FULL karma for complete and clear response. 1. Under what conditions are the Cournot and Bertrand equilibria the same 2. What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent
select as a case study any global economic event or events currently or recently covered in the news media and write a
What is the magnitude of J.R.'s consumer surplus at the equilibrium price and how high must the price of ribs be for Judy to supply 20 ribs to the market?
the san diego llc is considering a three-year project project a involving an initial investment of 80 million and the
a. with a high and growing us trade deficit many hope that a depreciation of the dollar would help close the deficit.
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