Suppose a competitive firm in both the resource and product markets is using inputs such that the marginal product of labor is 16 and the price of labor is $4 per unit, while the marginal product of capital is 12 and the price of capital is $3 per unit. At the maximum profit equilibrium point, the price of the product is
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Business, 22.06.2019 21:30
Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.
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Business, 23.06.2019 02:00
Abc electronics wants someone to install a top-of-the-line security system in its two buildings, a system that not only sounds an alarm but also simultaneously notifies authorities and the company president. video surveillance of the premises should also be a capability of the security system. n order to obtain price quotes, what should the company write? a.an unsolicited proposal b.an internal proposal c.an external proposal d.a request for proposals
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Business, 23.06.2019 05:30
What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit
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Business, 23.06.2019 13:20
Use the drop-down menus to complete each sentence. according to the theories of friedrich august von hayek, the economy may be too complicated to think in terms . hayek believed was dangerous and could lead to severe inflation. milton friedman supported changes policy to influence economic growth.answers : aggregates; expansionary policy; monetary
Answers: 3
Suppose a competitive firm in both the resource and product markets is using inputs such that the ma...
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