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Discuss what the economist intends to teach you about cost using this cost function. The economist for the "Grand Corporation has estimated the company's cost function, using time series data.
In addition to this technological breakthrough, the article indicated that consumer incomes are expected to grow over the next two years as the economy pulls out of recession? Explain.
If the perfectly competitive market supply of pork bellies shifts from QS,93 = 250 + 50P to QS,94 = 400 + 40P, and the market demand is given by QD = -10,000 - 200P, then the change in equilibrium
The creation of wealth all across the socioeconomic spectrum. But what does that mean to the believer from a Biblical worldview?
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets? 4. Critics claim that this practice costs American jobs in the long run. Do you ag
You expect (based on internal forecasts) that the quantity you will be willing and able to provide to your customers will decrease from 150,000 to 138,750 per month. What is the effect on total reve
Suppose that he marries her the following year. Other things equal, which of the following would be true about the reported official GDP the following year?
Strategic advantage for a US firms such as Apple. Define the term opportunity cost. What may be the impact of greatly lower labor costs on opportunity costs for Apple?
Option B matures in 2 years and pays $1,400 two years from today. If the discount rate is 10%, which investment option is the better deal?
Identify an incentive conflict in your firm, or one you have read about, that reduced firm value. As part of your answer discuss whether or not one or more of the legs of the organizational stool wa
Assess the costs involved in cleaning up the water immediately(confessing) versus hiding the fact and possibly paying more in the future. Describe the impact on profitability in both situations.
You are given the following information about an economy: Gross private domestic investment = 40. Find the following, assuming that government investment is zero: Consumption and Net factor payments f
Find the market capitalization of the company. Also, state whether this is a small-cap, mid-cap, or large-cap stock, and explain how you know.
Show that the competitive supply behavior of the typical pizza firm is given by: q = P/4 . (b) If there are 60 firms in the industry each acting as a perfect competitor.
You have worked as a real estate agent for 10 years and are earning about $100,000 per year with your current agency. What is your expected pretax accounting profit from your proposed agency?
If all her time is devoted to clothing and they still want more, then Bill can help with clothing production. What does the household production possibilities frontier look like now?
"When a person has an absolute advantage in producing a good, the person necessarily has a lower opportunity cost of producing it." Is this assertion true or false? Explain your answer.
Supply has increased more rapidly than demand? In which of the three cases, if any, do you think that demand has increased more rapidly than supply? Explain your reasoning.
Use the tools of economic analysis to support your answers. First, identify the taxes you currently pay. Do you think you pay your fair share of taxes? Why or why not?
Evaluate recent national economic policies as they relate to the magnitude of the trade deficit and 6) analyze the arguments for protectionist policies and the effect, if any, upon the trade deficit
Calculate the percentage growth rate in real GNP per capita in each of the years 1996 through 2002 from the previous year, using the definition of growth rate.
Suppose cell phones are available in two basic types: Flashy or Dull. Furthermore, suppose cell phone owners fall into two basic categories: Hipsters or Grannies. What is the probability that any ra
Suppose a microchip manufacturer produces 1 defective chip for every 30 they build. They randomly select 210 chips off the assembly line for quality control testing. What is the expected value and v
On a typical spring afternoon, customers enter a bookstore at a rate of 100 per hour. In a 2 minute period, what is the probability of 1 or less customers entering the store?
A raffle is being held at a school to raise money for the library. The organizers sell 20 tickets. They will select 3 winning tickets at random for prizes. How many different combinations of 3 winni