Finance and Economics Activity
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The firm or individual responsible for paying a specified tax to the government bears: (w) stigma of being a tax evader when it is completely forward shifted. (x) full tax burden only when the tax is backward shifted. (y) legal incidence of the tax. (z) reduction in p
Inefficiency may exist within a labor market while a firm only hires labor up to a certain point where: (w) the value of labor’s marginal product equals the wage rate. (x) VMP > MRC. (y) MPPL = w/P. (z) the last unit of labor adds as much to
What are the differences between differential cost and explicit cost?
What are the operational or internal issues of managerial economics?
Does managerial economics as a tool for decision making? Explain this term.
Illustrates the area of decision making in Managerial / Business Economics?
Define the difference between accounting and economic cost.
demand has three essentials-damand+purchasing power+.???
A profit-maximizing competitive firm hiring by a competitive labor market will be within equilibrium where is: (w) MPP = MRC. (x) w = MRC. (y) VMP = MPP. (z) VMP = w. Hey friends please give your o
Illustrates the Law of Returns to scale?
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