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How could the U.S. government justify its decision to offer a subsidy to an already profitable and successful business?
How does the demand curve faced by purely monopolistic seller differ from that confronting a purely competitive firm? Why does it differ?
List and define the elements of corporate culture. Give some examples of how managers might foster each element described in order to foster change in an organization.
At what value would the minimum wage have to be set so that the firm would make zero economic profit from employing an additional low-skilled worker to clear woodland?
Suppose a pure monopolist is faced with the cost data shown in the table on the left and a demand schedule shown on the right. Calculate the missing total-revenue and marginal-revenue amounts.
How do you account for the different results? Why might the costs of a purely competitive firm and those of a monopolist be different? What are the complications of a cost difference?
The Lumins Lamp Company, a producer of old-style oil lamps, estimated the following demand function for its products: Q = 120,000 - 10,000P
The firm has proposed charging a price of $100 for each unit of output. If the price is charged, what will be the total profits and the rate of return earned on the firm's asset base?
With a short-run total cost function of c(q)=722+q(squared)/200. Market demand is 7000-250p=Q(p). Find the competitive equilibrium is?
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve. What will be the monopolistic competitor's average fixed cost at the output it
The unit variable costs are estimated at $8.00 and fixed costs are estimated at $125,000. On the basis of this information calculate the following: Contribution margin.
Suppose you quit your job to start a business. In the first month, your total revenue was $6,000. You paid: You determine that your true profit that month was negative $200. Why?
Where output is measured in bushels of apples, labour measured in days, LA is the number of days of adult labour, and Lc is the number of days of child labour. Depict the isoquants for a typical orc
Comment on managing cash and its cash equivalents. Show how current liability accounts can be managed to improve the cash flow cycle.
Discuss the factors that are likely to favor paying high incentive pay to employees. 350 words or more, references
what would be the net profit for the enlarged plant if total annual sales remained the same as at present? What would be the net profit for the enlarged plant if the total annual sales actually decr
What is the smallest number of acres of grass cut per year for which the owners should buy the tractor? Show work.
Both countries are described by the Solow model and are in their steady states. What would you predict for the following variables?The rate of growth of total income.
An economy is described by the following equations: Find a numerical equation linking planned aggregate expenditure to output.
consider issues thatare current in our societ today. where will the application of an anthropological perspective be most effective?
Explain this development using the Risk Structure of Interest Rates. Use a bond market diagram to illustrate your answer.
Calculate the Herfendahl Index. (Show your calculations.). Use Sutton's concept of endogenous sunk costs to explain why it is difficult for new firms to enter this industry.
Given the ambiguity over the word "several," and what constitutes a "detailed" outline, Splendor agreed. Explain how/why Splendor could have exploited rent. How/why is this contract incomplete?
Would the average 15-year old be indifferent between receiving a $30 gift certificate at a local music store and $30 in cash? Explain.
What can you infer about expected change in the exchange rate between the Canadian dollar and the U.S. dollar?