【简答题】ytical Questions 1) A firm is a long-run planning decision. It wants to decide on the optimal size of plant and labor force. It is considering building a medium-sized plant and hiring 100 w...
【简答题】ytical Questions 1) Industry demand is given by: QD = 1000 - P All firms in the industry have identical and constant marginal and average costs of $50/unit. a. If the industry is perfectly competi...
【简答题】ytical Questions 1) The table above shows the weekly relationship between output and number of workers for a factory with a fixed size of plant. a. Calculate the marginal product of labor. b. At w...
【简答题】ytical Questions: Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information?
【简答题】How do we study smart thinking? We will look at the ytical structure of ideas and find out answers to the ytical questions. Being a smart thinker is about improving the thinking skills we alre...
【简答题】ytical Questions: Suppose that the price elasticity of demand for wheat is known to be -0.75. Will a good wheat crop (which increases the supply of wheat) be likely to increase or decrease the rev...
【简答题】ytical Questions 1) Based on the table above, if the wage rate is $500 and the price of output is $5, how many workers should the firm hire?
【简答题】ytical Questions 1) When one automaker begins offering low cost financing or rebates, others tend to do the same. What two oligopoly models might offer an explanation of this behavior?