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However, sales in joint facilities are 20% lower than sales in two separate facilities. What do these numbers imply for the decision of when to open a shared facility versus two separate facilities?
what is your break-even price? Suppose that if you get the contract, you can win another project for two more units. Now what is your break-even price for those two units?
To determine whether to raise price , the bank managers experimented with a number of higher prices. What ATM fee should the bank charge?
You are considering a financing option with a bank. If the bank charges 1.9% annual interest rate compounded daily, what would be your monthly payment for the 48-month financing period?
Suppose resources in the economy are distributed so that Amanda has a utility level of 64 units and Britney has utility level of 50 units. Is this distribution of utility (Pareto Optimal) efficient?
Overhead at the water cooler: "I think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs." Would you agree with this stateme
You may work more hours because of this cost-of-living increase. Is this response predominantly an income effect or a substitution effect?
Do these public goods conform to the law of demand? For which public goods is demand price elastic? What types of goods are these public goods?
Mary's explicit costs of operation totaled $36,000. Mary has a Bachelor of Science degree in mechanical engineering and could be earning $30,000 annually as a mechanical engineer.
If the inverse demand function is p=a-bQ and the inverse supply function is given by p=c+dQ, show that the incidence of a specific tax t per unit falling on consumers is b/(b+d)=n/(n-e).
Compute the demand for money for each of the following interest rates when income is equal to $11,940, $12,000, $12,060, $12,120, and $12,1280.
How come a newspaper vending machine can be opened easily (i.e. take as many as you want) but a Coke vending machine is tough to open (i.e. drop one can at a time)?
Expecting that wool prices would remain high, wool producers raised a lot more sheep. Did this result in a shift to the right in the supply curve for wool? Why or why not?
Calculate the contributions to GDP of these transactions, showing that all three approaches give the same answer.
For each of the following cases, calculate the point price elasticity of demand, and state whether demand is elastic, inelastic, or unit elastic. The demand curve is given by QD = 5,000 - 50PX.
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price?
calculate the monthly rate of inventory growth in the global aluminum market using the given demand and supply equations for the world aluminum market.
On a secong set of axes, sketch another community indifference curve tangent to the fairly steep portion of another concave production frontier.
A competitive industry hires 1000 worksers. The 1000th worker adds $500.00 a week to their employer's revenue. If a monopoly took over the industry, then the 1000th worker would likely?
Some people claim that the economic way of thinking does not apply to issues such as health care. Explain how economics does apply to this issue by developing a model of an individual's choices.
Why does the saying, "no taxation without representation"make sense for public goods but not for private goods? Explain the mechanisms by which individuals can "protest" against taxes.
The occurence of sun spots has increased, so has the rate of overall inflation. If any of these economist based this observation on a short-term forecast of inflation, he/she would be?
What other suppliers might face a downward-sloping demand curve and what implications does this have for their advertising budget as compared to suppliers with horizontal demand curves?
Organize the above data into the appropriate categories for the current and capital accounts; determine the current account balance, the capital account balance, and the official settlements account
For each of the following draw well labeled graphs that illustrates the likely effect on the MARKET for EGGS. Indicate in each case the impact on equilibrium quantity (Q*) and equilibrium price (P*)