Why do not more us firms move to mexico to take advantage
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According to the News stories on pages 95 and 96, how does the price elasticity of demand differ for teenagers and adults? Why?
What are the production costs of your economics class? What are the fixed costs? The variable costs? What's the marginal cost of enrolling more students?
Owner/operators of small gas stations rarely pay themselves an hourly wage. How does this practice affect the economic cost of dispensing gasoline?
What kind of economies of scale exist in the funeral business? Why doesn't someone build one colossal funeral home and drive costs down further?
Why don't more U.S. firms move to Mexico to take advantage of low wages there? Would an identical plant in Mexico be as productive as its U.S. counterpart?
Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further?
What economic costs will a large corporation likely overlook when computing its profits? How about the owner of a family-run business or farm?
How can the demand curve facing a firm be horizontal if the market demand curve is downward-sloping?
How many fish should a commercial fisherman try to catch in a day? Should he catch as many as possible or return to dock before filling the boat with fish?
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