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Suppose the firm currently uses the input (L; K) = (8; 10) and produces 10 units of output. In addition, the manager finds that MPL MPK < w r : What can the manager do to reduce cost but still maintain the same output? (Assume L; K can be continuously adjusted. So you can hire part-timers or temporary rent capital goods). A. Layoff some workers and acquire more capitals. B. Hire more worker and sell some capitals. C. The firm is already doing its best by hiring more capital than labor. D. None of the above
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Why might complaints of age discrimination grow when the economy is slow? companies work very hard to retain their best talent in a recession. older employees provide a large pool of talented workers. companies may try to lower their labor costs by laying off higher paid workers. companies may try to provide more opportunities to younger workers. older workers are least affected by a slow economy?
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Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.
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Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?
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Suppose the firm currently uses the input (L; K) = (8; 10) and produces 10 units of output. In addit...
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