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Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice revenues?
Why does a profit-maximizing firm hire workers up to the point where the wage equals the value of marginal product?
Despite this finding, the government mandates that new cars have air bags, rather then taxing their use. Is this policy a contradiction?
What would happen to the future production possibilities curve (PPC) on this graph, if today's production of capital goods exceeds the depreciation of capital?
Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the prices of goods will soon follow." How does this work?
If each test provides a $6 net marginal revenue before labor and capital costs, is expansion advisable? Show all your work and explain your answer well.
The marginal cost of producing it is constant for both firms at $20 per case. Derive each firms best response function. Find the equilibrium price, quantities and profit for each firm.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy. Determine which economic indicators the Federal Reserve should analyze so it can better stabilize thi
In the Howard Raiffa article on Decision Analysis, there is an excellent perspective on one man's intellectual journey. Where do we go from here with Operations Research and Management Science?
what is the equilibrium price?, if supply at every price is reduced by 10 gallons, what will the new equilibrium price be?
Oone driver for American trucking dies in an accident every 15 million miles. What is the value of a trucker's life implied by the compensating differential between the two firms?
The original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is 100,000 trucks, what is the breakeven price for the toy truck? Should you s
Provide businesses and individuals with insights into business and career opportunities for the future. Are an important source of information about changes in health patterns.
If electricity can be purchased for costs of $0.10 per kwh, how many hours per year will the solar panels have to operate to make this project break even?
Although Molly lived in the house after she remodeled it, its rental value rose. Which of the following contributed to real GDP in 2010?
Why as a result of rise in exchange rate, the amount of imports fall but not as much as it does when the supply is perfectly elastic. It is of course very clear from the graph but I needed the intui
Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.
If households receive $88 billion in wages, $24 billion in rent, and $34 billion in interest, how much are households paid for providing entrepreneurial ability?
Which of the following is one of the several advantages that bank holding company organizations have over other types of banking organizations?
A wage of $6 per hour, or 5 hours of study time. If Carl considers studying the best alternative use of his time, his opportunity cost of attending the concert equals?
Determine the optimal facility size (S, M, or L) for these two regions, and indicate whether there will be economies of scale, diseconomies of scale, or constant returns to scale if the facilities a
Assuming that the company is currently spending its entire budget for labor, should the company alter its current allocation of labor types? If so, how? If not, why?
The labour market to explain the effect on labour demand and supply and the levels of employment and unemployment, and the real wage.
Is this a normal good or an inferior good? At what price is demand for widgets zero, if average income is $100,000 and the price of good R is $100?
Indicate how each of the following changes would influence the incentive of a decision maker to undertake the action described. an increase in the price of beef on one's decision to buy steak.