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What determines the quantity of variable input(s) (labor) that the manager of a firm employs? Use economic principle (law) to explain this.
Microeconomics, Economics
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Question: In another economy consumer 1 has no x and 8 units of y and the utility fucntion U(x,y) = x - (1/4)y 2 . Consumer 2 has 16 units of x and 8 units of y and the utility function U(x,y) = x +2y (1/2) . Describe th ...
Question: The LEI, consumer expectations, and ISM (then NAPM) surveys all predicted a much more robust recovery in 1991-2 than actually happened. What factors intervened to keep real growth at an unusually low rate early ...
Question: You are a business owner and you are looking to outsource to a third world country, what are you going to look at in order to make your decision as to if you are going to employ that country? The response must ...
Question: Psychologist, Beverly Daniel Tatum summarizes the impact of institutionalized racial policies like FHA loan practices: "To the child of that parent, it looks like, ‘My father worked hard, bought a house, passed ...
Question: Jared Bernstein, an economist at the Center on Budget and Policy Priorities, has stated: "I want to see receipt of unemployment insurance go up in recessions." If government unemployment insurance payments didn ...
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