Which of the next policies is the government most inclined to use when confronted with an optimistic externality? What’s the difference between command-and-control insurance policies and market-based procedures towards externalities? Per month which she spends her whole income every month on beverage and hamburgers 800. 4. Which of the following combinations of ale and hamburgers represent a point that could rest to the exterior of the consumer’s budget constraint?
Consider the two goods from the last question: beer and hamburgers. 2. The optimizing consumer will choose to purchase that bundle of chocolate and marshmallows chips? Guess that for a particular business there are no implicit costs. 80,000. He decides to open up his own practice. 35,000 salary for a secretary/bookkeeper.
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- Cost-Effective Limo Service
- Customer Relationships
- Payroll deductions (e.g. health insurance)
- Annual Fee: $95*, waived for the first calendar year
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Use the info provided in the desk above to answer the following 3 questions. Per day, whatever the number of corks produced 20. If Gallo produces for a price of 70 corks each hour and operates 8 hours each day, what is Gallo’s total labor cost each day? Assume Gallo currently employs 5 workers.
What is the marginal product of labor when Gallo provides a 6th worker? Gallo cork manufacturing plant encounters diminishing marginal product of labor with the addition of which worker? Jane’s Elegant Earrings produces pairs of earrings for its mail-order catalog business. Each pair is shipped in a separate box. 150 a week in the downtown business area that acts as her manufacturer.
275 a week. There are no implicit costs. Use the given information provided above to answer the following 3 questions. What is the total cost associated with making 890 boxes of earrings weekly? During the week of July 4th, Jane doesn’t produce any earrings. The week What are her costs during? 1,100 how many boxes of earrings did she produce?
Curve A represents which type of cost curve (see the graph above)? Which of the following is not a characteristic of a perfectly competitive market? What’s John’s Vineyard’s financial profit at its profit-maximizing output level (start to see the table below)? Bill operates a fishing boat local rental business in a competitive industry. 1,000 monthly on the loan that he required out to buy them.
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