Suppose the marginal benefit of writing a contract is $60, independent of its length. find the optimal contract length when the marginal cost of writing a contract of length l is: instruction: enter your responses rounded to two decimal places. a. mc(l) = 25 + 3l. b. mc(l) = 45 + 3l. c. what happens to the optimal contract length when the marginal cost of writing a contract declines?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Only the united states has embassies. true or false

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.