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As the costs of health care delivery in the United States continue to soar, it has become necessary to 'benchmark' with other countries abroad on how they deliver health care to their citizens in Canada and France.
Assume that you have a company and need to evaluate two alternatives, an automatic machine (AM) and a manual machine (MM). Capital investment for these AM and MM are $23,000 and $8,000, respectively. On the other side, we need to have three employee..
The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $457. In 2007, Big Oil produced gasoline worth $462 and sold gasoline worth $307. What was the change in Big Oil inventories in ..
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
If the labor supply curve is very elastic, a tax on labor:
Your group of rural cabin owners is considering a small renewable energy project that would average 100 kW of output year-round, with an expected lifetime of 20 years. The project has a capital cost of $280,000, and a salvage value of $30,000. The co..
Plot Vanessa's budget line by clicking on the two endpoints. The data-plotting tool will automatically connect the points with a line.
A solar panel has an installed cost of $2900, and it reduces the homeowner’s energy bill by $29 per month. The residual value of the solar panel is negligible at the end of its 11-year life. What is the annual effective IRR of this investment?
Write down the profit maximization problem of the representative firm. What is the new short run equilibrium price and production.
Analyze the challenges that companies face in entering global markets. Identify the potential impact to capital budgets in making the decision to move into a global market.
Evaluate the arguments for and against protection and state which one (free market or protectionism) is more beneficial to a country.
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
What are examples of a perfectly/purely competitive firms that you have recently purchased a product from in the last couple of months? Explain how you relate your answer to the market characteristics.
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