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A purely- or perfectly-competitive firm would be characterized by which of the following? For a purely-competitive firm, price must be.
Marginal revenue production function? Optimal labor/capital values given a profit maximization goal?
Problem: Which of the following statements best represents a difference between short-run and long-run cost?
What are the different components of Employment? Who is in the Labor Force (LB) and Not in the Labor Force (NLF)?What are the three types of Unemployment?
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Alba and Gavigan set up their site so families can choose what kinds of no
Task: The production engineers at Impact Industries have derived the optimal combinations of labor and capital (the only two inputs used by Impact) for three levels of output: 120, 180, and 240 unit
Assume that XYZ Company generated cash flows of $2.00 per share last year. XYZ's cost of capital is 12%. Estimate the value per share of XYZ for each of the following sets of assumptions.
Problem: In the short-run for a purely competitive market, a manufacturer will stop production when:
Certainly, the Star competes with The Wall Street Journal, USA Today, and the New York Times for national news reporting, but the Star offers readers stories of local interest, such as local news, w
Suppose a firm’s TVC function is TVC = 96Q – 2Q2 + 0.05Q3 a. What is this firm’s AVC equation? b. What is this firm’s MC equation?
Discuss two positive effects and two challenges human resource departments in the public sector.
Question 1: In making inventory decisions, the purpose of the basic EOQ model is to minimize
Task: Suppose there are only two individuals in society. Person A's demand curve for mosquito control is given by:
a. Draw a representative long run average cost curve and indicate the minimum efficient scale b. Would you expect that firms in an industry like this would all produce about the same level of output?
Problem: Good x is produced in a competitive market using input a. Explain what would happen to the supply of good x in each of the following situations.
Suppose that capital can be purchased for $8 per unit, and labor costs $6 per unit. What is the optimal combination of inputs for the firm to employ?
Q1. Estimate the trade volume necessary for PBI to reach a target return of $7,500 per month for a typical office. Q2. Estimate and interpret the elasticity of cost with respect to output at the trade
If this industry acts like a monopolist in the determination of price and output, compute the profits-maximizing level of price and output
Research about what women of different background (i.e. race/ethnicity, educational attainment, work experience, marital status, number of children, countries of origin, place of living & work,
Briefly describe the economic problem you have selected. (Unemployment, inflation and Welfare in the United States). Assess the impact the problem poses to society. Design an economic policy solution
Task: Consider the given scenario to understand relationship between marginal and average values.
Priceline’s major competitor, Expedia, was founded in 1996, a year before Priceline. Priceline has four times the volume of revenues of Expedia, but the two firms aggressively compete every da
Q1. Refer to the above data. If year 3 is chosen as the base year, what is the price index for year 1. Q2. Refer to the above data. What is the nominal GDP for year 4? Q3. Refer to the above data. Wha
Demand is the desire and ability to consume certain quantity of a particular good or service at certain prices at particular point of time. Demand curve is a graph that uses to record the demand of
What is the difference between explicit and implicit costs? Which of the costs is most closely associated with opportunity costs and why?