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Suppose now that both models are introduced on the market. What are the optimal prices for the two models (make sure to explain your reasoning very carefully). What is the profit? How is this pricin
a. Explicit costs (list the items). b. Implicit costs (list the items). c. Accounting profit. d. Economic profit. e. Given this first-year information only, should Sally open a salon?
Problem: According to the Solow model, how would each of the following affect consumption per worker in the long run (that is, in the steady state)? Explain and illustrate your answer graphically. a
Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well):
Given the parallel arrangement of the same components determine the reliability of the system (an electrical current will travel from pt. A to pt. B)
1. Which one should be approved if IRR is the sole criteria and a MARR of 20% is used? 2. Which one should be approved if Present Worth is the sole criteria and a MARR of 20% is used?
The company accountant, Cindy recommended writing off the inventory. The company financial performance had not be ideal last year and Jackson feared that taking this action would cause the financial
Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for
Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization.
Please help me complete an analysis of Facebook and its relation to economics. Be sure to discuss how Facebook has both impacted and been impacted by the technological and other changes that compris
Also, identify and discuss significant current trends related to IT in a business setting and your personal life? What are the pros and cons to the increasing use of technology to disseminate inform
What do you think are the prospects for reducing global climate-changing emissions? Be sure to address these points: 1) To what extent can this be done without harming global economic welfare?
Write down the firm's profit function and the firm's long run profit maximisation problem. Find the firm's optimal use of input 1, input 2, the associated optimal quantity of the output, and the fir
Identify an organization and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs?
Discuss ways firms establish barriers to entry and explain how they benefit firms but not consumers. Give an example of a law or regulation that limits the ability of firms to establish barriers to
Describe the relationship between technology, productivity, and costs. How has your firm used technology? What was the impact on productivity, costs, and profits?
What are the implications of operating in the short run and the long run? As your business grows, how must you consider the issues regarding diminishing marginal returns and economies of scale?
Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under free trade. Identify consumer surplus, producer surplus, and t
Discuss the limitations of the U.S. "supply side" policy in the war on drugs. Can we win the war on drugs? explain your position on legalization. Why does prohibitionism policy by gov. lead to a) an
Examine the effects of a change in the money supply in an open economy under a flexible exchange rate system. How are your conclusion affected by the adoption of a fixed exchange rate?
In 1996, several cows in Great Britain came down with "mad cow disease". As a result, the countries of the European union banned the import of British beef. The result was higher beef prices in Cont
Task: Use demand and supply analysis with this statement: The economy is doing well in 2000. Income was rising and the stock market hit new record highs. As a result, the price of housing rose.
Show how an increase in personal and federal income taxes ultimately affects the Bank of Canada's balance sheet.
Task: For the following questions, answer True (T), False (F) or Uncertain (U). Please briefly explain your answer. 1. Exchange rate overshooting explains why permanent government spending increases
An economist has estimated that, at the current price of $1.25 per pill, the own price elasticity of demand for the drug is -2.5. Based on this information, what can you do to boost profits? Explain