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A copy company wants to expand production. It currently has 20 workers who shareeight copiers. Two months ago, the firm added two copers, and output increased by 100,000 pages per day. One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they buy another copier or hire another worker?
Elucidate why it is important for managers to understand the mechanics of demand also supply in both short-run also long-run
Is there a relationship between GDP and the business cycle. If so, explicitate relationship exists and how might a business manager use this information to increase their profits.
David black, representing the management of the automobile manufacturers disagreed with McDonald's assessment. Black cited studies that indicated price elasticity's ranging from 0.5 to 1.5.
Classify this production function by returns to scale. Comput the firms long-run cost function.
Find out the total revenue and marginal revenue functions for men and women.
ABC Company is considering a private placement of equity with XYZ Insurance Company.
Calculate the predicted percentage change in tickets sold. Would you expect ticket revenue to rise or fall.
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
Contraction GAP, Illustrate what does a Contraction Gap imply about the actual rate of unemployment relative to the natural rate.
the total quantity of monthly account across all internet providers increases from 90,000 to 190,000. What is the value price elasticity of demand? Is the demand elastic or inelastic?
Evaluate change in costs over period in real terms, first in 2004 dollars and m in 2005 dollars. Are your answers same. Explain why or why not.
Invisible hand of market would optimally allocate exhaustible resources and prevent shortages because market prices of a resource such as oil reflect both its current value and its future value. Why might Hotel ling be right.
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