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Ralph currently has two jobs. His primary job pays well, $20 per hour, but he can work no more than 40 hours per week at it. In fact, he always chooses to work 40 hours at this job. His secondary job pays only $15 per hour, but he can work as few or as many hours as he wants. Currently he chooses to work 10 hours at his secondary job. For Ralph, leisure is a normal good. If the wage rate for his primary job increases to $22 per hour, will Ralph increase or decrease the number of hours he works in the secondary job?
Supposre that there are equal numbers of each customer type, and that the MC of the iphone is $100."
a competitive industry is comprised of 15 identical firms, each with a short-run total cost function
If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.
Assume to two firms in an industry with an index of 5,000 announce a merger. The U.S. Justice Department concludes the merger will boost the index to 5,500. The antitrust authorities will most likely.
Marge opens an oxygen bar in a building she owns. She utilized to rent the building to her brother in law.
The purposes of assessing the consequences of these provisions for strategic decision making.
A basic theory of underlying macroeconomic behavior and therefore useful for making policy predictions. Briefly explain.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
The physician's office charges you a nonrefundable fee of $50 for the missed appointment, which cannot be applied to a future appointment. How much should you now be willing to spend for a new appointment? $50 $120 $0
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
If personal taxes were decreased and input productivity increase simultaneously, the equilibrium: output would rise, fall, price level would necessarily fall, or price level would necessarily rise.
They face a straight market demand curve that runs from $500 on the price axis to 1000 on the quantity axis.How much profit will they make at that quantity? Why is this firm a natural monopolist?
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