Explain the marginal revenue product
Explain the marginal revenue product (MRPL ) and marginal cost (MCL ) of labor. Describe why the condition MRPL = MCL is necessary for profit maximization.
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Demonstrate how each of the following events would shift the AS schedule and the potential RGDP, thereby the altering equilibrium prices and the output levels in the economy.
Use the Laplace transform to solve the given IVP.
Use the dual simplex method to show that this problem is infeasible.
A lolly manufacturer makes red, green, yellow and orange coloured jubes. He has made 245700 red jubes, 132300 green jubes, 114660 yellow jubes and 207900 orange jubes. The manufacturer desires to distribute the lollies equally among packers so th
The interest rate of a credit card company is 0.5% per month. Richard makes a purchase of $1000 and makes his payment after 14 months. What is the total amount due.
In 2014 in a country with a labor force of 100 million, 6 million people were unemployed. In 2014 number of unemployed people increased to 7.750 million.
Prove that the number of partitions of n in which no part appears exactly once is equal to the number of partitions of n with no parts congruent to 1 or 5 (mod 6).
Discuss in detail, how the firms in a perfectly competitive market will respond to long-run profits and losses. Include an explanation of each response affects the price level.
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