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starts his own business selling spot remover for Dalmatians. In the first year his accounting profit is $70,000. Based on this level of success, Bob should?
Explain what happen to the prices of oranges and marginal product of orange pickers as a result of a freeze. Can you say what happens to the demand for oranges pickers. Why or why not?
His benefit from attending the class is 26$. Bill has several alternatives for the same time. what is bill's opportunity cost for attending class.
Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your classification of the firm.
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
What is the point cross elasticity of demand with respect to Old Town pinball machines for the values of the independent variables given in part (i)?
Society's production possibilities frontier is based on simplifying assumptions, but is still useful for illustrating scarcity, opportunity cost, and economic growth.
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
Explain why this statement is true or false. Which is a better measure of a country's overall economic performance, nominal GDP or real GDP?
Average productivity if your organization or corporation introduces technological innovation to the production/business process?
can you think of any reasons why this solution might not work in the real world? design a private mechanism which works for all possible cases.
Calculate the new supply of dollars at each exchange rate and graph the new supply curve. What is the new equilibrium exchange rate, given the original demand for dollars?
Should United States government policy favor certain kinds of immigrants? Should citizenship preference be given to the neediest applicants? The most talented? The most oppressed? The richest?
The marginal product of capital is 100 rollers per hour. What do you think the previous manager should have done to keep his job?
What do you consider to be the components of an effective sales conversation? How were disagreements among these competing functions resolved?
In a monopolistic competition. there is inefficiency because price is greater than marginal cost. what brings about this inefficiency?
Does a tug of war between AVC and AFC eventually take place? How much difference can a logo make on two pretty much identical shirts? What type of market is this?
Is this pattern most likely indicative of employer (college administrations), employee (college faculty and staff), consumer (students), or statistical discrimination?
Compare the supply and demand conditions in both locations. How many people live in each place? What is the weather like?
If workers at the firm are paid a competitive wage of $100 and chairs can be sold for $200 each, what is your profit-maximizing level of output and labor usage? What is your maximum profit?
Do the data indicate a statistically significant seasonal pattern (use the 5 percent level of significance)? If so, what is the seasonal pattern of sales of Titan II clubs?
Which of the following statements best represents a difference between short-run and long-run cost? Less than one year is considered the short run; more than one year the long run.
Identify and comment on two supply-side initiatives included in the current U.S. stimulus package. Ensure your response includes one strength and one weakness in each of these initiatives.
Calculate the stock's current yield, capital-gains yield, and the return. Show your work for three separate calculations.
The excise tax on cigarettes has been increased. Explain how each of these public polices affects demand for cigarettes by teenagers?