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Barbara must buy four new tires for her car. She is considering buying tires that are $25 apiece more than her regular brand, because the higher priced tires are supposed to increase the miles per gallon by 20%. If the tires are good for 48,000 miles and she drives an average of 1,000 miles per month, gas costs $2.50 per gallon over the next 4 years, and the car gets 30 miles to the gallon now (on the old tires), should she purchase the more expensive tires?
A huge increase in resource costs causes the price to rise to $9 also Block's only manages to sell 460 bottles of perfume.
Under what circumstances would a monopolistic firm be economically more efficient than a group of small, competitive firms? If there are such monopolies, what are the drawbacks and how could they be corrected?
Describe the objectives involved in the management of a bank's overall liquidity position and the costs to the bank of poor liquidity management. In your discussion, identify the major sources of demand on a bank's liquidity position, including reser..
q1. prepare five-year revenue and return on sales objectives. justify your objectives. you should be able to derive an
wants to produce 1,000 more garments of clothing, so the economy moves from point A to point B. Illustrate what is the opportunity cost of 1,000 garments of clothing in the range between points A and B.
Consider an income guarantee program with an income guarantee of $5,000 and a benefit reduction rate of 40%. A person can work up to 2,000 hours per year at $10 per hour. Draw the person’s budget constraint with the income guarantee. Suppose that the..
In its rivalry with Westinghouse, General Electric instituted a "price protection" plan. This plan stated that if GE lowered its price, it would rebate the price difference to its past customers. Show that this plan makes collusion between GE and Wes..
Are these options likely sufficient to conclude that even if all theaters in a city are owned by one firm, that that firm will not be a monopolist? Under what circumstances will film have very little market power?
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
Given this information, explain why this monetary policy has not yielded any results. Use the aggregate demand/aggregate supply (AD/AS) model to aid in your answer, and assume the economy is in a long-term equilibrium as your starting point. A good a..
Assume that a painter produces 20 paintings this year and 20 paintings next year. What is the annual change in nominal GDP if the price of paintings rises from $1,000 this year to $1,500 next year? Can you conclude that the economy grew from this yea..
Although successfully positioning a new product in a well-established market may seem difficult, Method Products shows that it is not impossible (Kotler & Keller, 2012). Keeping in mind the international legal environment, find an article using the o..
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