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Longhorn Fabricators Inc. plans to expand its metals-forming facility over the next five years. The company will add 20,000 square feet to its 100,000 -square-foot plant as it adds robotic welding u
A Japanese carmaker plans to expand its production in the U.S. At an interest rate of 8% per year the company borrowed $170 million for this expansion.
The Acme Corporation plans to expand its relationship with a soft drink manufacturer to build the Acme ready-to-drink coffee beverages available in Asia.
Suppose that you were ready to buy a custom tailored dress and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100.
Explain what Smith meant by the "invisible hand." determine the mechanism by which selfish interests are made compatible with-indeed, made the agent for-successful social provisioning?
What sorts of businesses would be hit by your reduced spending? Would they, in turn, curtail their expenditures? If your income (or your parents') were suddenly reduced to half, by how much would yo
Evaluate the situations of a farmer selling his wheat crop and an auto company executive selling his car "crop." Determine the mayor forces that bear on each, when it comes to pricing output?
When General Motors offers the $1 billion to new investment (e.g., building new factories, offices, warehouse), who does the saving that is required? Workers? Stockholders? The public? B
A company calculates its annual expenses, Y, in the dollars from Y = 0.235X2 + 7X + 4 and annual revenue in dollars from the 0.215X2 + 15X, where X is annual units sold. Identify the
A company is considering two types of water heaters. The associated costs are shown below. The calculated annual cost of operation for oil heaters equals the 365 x 41045/EF x Fuel Cost per Btu.
Success of a company operating and investing in a foreign country depends on the competitive advantage of the company. The entry strategy could be quality based, technology based, or the co
If licensing requirements are imposed on sellers in a market, explain what do you predict will happen to output, price, consumer surplus, and the producer surplus?
Assume i = 10%, compounded quarterly, with annual payments of A = 100. Determine the future value equivalent to the three annual payments?
Explain why would including such programs as union-management cooperation programs in the collective agreement be difficult?
The current technology, A, has fixed costs of $6,000 and marginal costs of $50 whereas the new technology has fixed costs of $3,000 and marginal costs of $100.
A company is forming the15, 000 units. At this output level, the marginal cost is $18 and the marginal revenue is $22. The firm sells each unit for $48 and average total cost is $40. Explain what c
Discuss how can government spending have a multiplied effect on the economy? Have you (or anyone you know) ever been affected by the government's "automatic stabilizers"? Provide a concrete example
Machine A has a service life of four years and Machine B has a service life of three years. If the required service period is six years and either machine can be repurchased in the future for the sa
Is the increasing resistance of employers to unionization a new phenomenon or simply a return to the historic relationship that has existed among managements and unions in the United States?
Discuss how do foreign exchange markets get the information and how important is the information when it is in time? Calculate the procedures and the practices of banks?
Suppose that football teams keep all the "gate" and TV revenues they generate and that players are free to choose their teams at the end of any season. Do stars earn more than non stars? Discuss how
Determine the present worth of cash flows that begin at the $10,000 and increase at the 7% per year for 5 years? The interest rate is 9%.
Suppose your company adopts a technology that allows you to increase your output by the 15%. If the elasticity of demand is -3.0, discuss how should you adjust the price if you want to sell all of
Determine the cross price elasticity of apple pork and sauce chops at a pork chops price of $6? If the price of pork chops falls from $8 to $6 and this leads to an increase in demand for ap
Suppose that Dr. Slight has $300 to spend on the goods X and Y. Dr. Slight combines X and Y using a very strict ratio to derive utility. Good X costs $5 per unit and Good Y costs $3 per unit.