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suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20 if the price of
marginal costnew york amp co is considering a limited edition denim jacket because it is so special the first few will
identify whether all the elements of negligence are present and if so who or what entity will be sued successfullya
ed and his wife kathie own all of the stock of crispin inc kathie is the president and ed is the vice president kathie
smith likes cashews better than almonds and likes almond better than walnuts he likes pecans equally as macadamia nuts
paula has set aside 60 monthly budget to attend plays and watch movies she likes plays exactly three time as much as
boris budgets 9 weekly for his morning coffee with milk he likes it if it is prepared with 4 parts coffee 1 part milk
identify whether all the elements of negligence are present and if so who or what entity will be sued successfullythe
opponents of the minimum wage point out that the minimum wagea encourages teenagers to drop out of schoolb prevents
holding all other forces constant if decreasing the price of a good leads to an increase in total revenue then the
who gets scarce resources in a market economya the governmentb whoever the government decides gets themc whoever wants
suppose there is an increase in the price of steel we would expect the supply curve for steel beams toa shift rightb
an outcome that can result from either a price ceiling or a price floor isa an enhancement of efficiencyb undesirable
if a nonbinding price floor is imposed on a market thena the quantity sold in the market will decreaseb the quantity
when quantity moves proportionately to the same amount as price demand isa elastic and the price elasticity of demand
which of the following would most likely serve as an example of a monopolya a bakery in a large cityb a bank in a large
1 if the price elasticity of demand is equal to 0 then demand is unit elastica trueb false2 to be binding a price
todays supply curve for gasoline could shift in response toa a change in todays price of gasolineb a change in the
opec successfully raised the world price of oil in the 1970s and early 1980s primarily due toa an inelastic demand for
a key determinant of the price elasticity of supply is thea number of close substitutes for the good in questionb
an alternative to rent-control laws that would not reduce the quantity of housing supplied isa the payment by
given the estimate for own price elasticity is -45 and the upper and lower 95 confidence intervals are -5 and -85 what
mitchells income is 150 the price of x is 4 and the price of y is 2 given these prices and income mitchell buys 20
explain utility total utility and marginal utility and the differences between them include examples1 explain with
the rate of return on an investment in medical educationa is inversely related to the length of time spent in formal