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The company currently uses seventy workers to produce 300 units of output per day. The daily wage is $100, and the price of the company's output is $30. The cost of other variable inputs is $500 per day. Although you don't know the firm's fixed cost, you know that it is high enough that the firm's total costs exceed its total revenue.
In 1989, Detroit Free Press and Detroit Daily News obtained authorization to combine under a special exemption from the antitrust laws.
"A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
The fresh milk market in Honolulu is purely competitive. The typical production cost is defined through a a cubic cost schedule as given below.
How large of a tax-induced value raise would it take to decrease cigarette consumption by 20%? And Find the factors responsible for difference in elasticity.
There is some information you are given, and on the basis of the information, you are asked to make a decision. Now here are some definitions
Would the reward system vary among retailers, manufacturers, distributors, financial organizations? What other characteristics should good performance incentives have?
Marty's Frozen Yogurt is a small shop that sells cups of frozen yogurt in university town. Marty have three frozen-yogurt machines.
Mr. Smith, has fallen behind on his work, he has asked you to help to make a letter for a local business or economic project.
Assume that the current marginal propensity to consume equal .75. Determine what will be the impact on equilibrium NDP of an investment of $1 billion?
Discuss and explain the individual contributions that could be made through a cross-functional team to the following list of activities.
Assume that Saudi Arabia lets other members of OPEC sell all the oil they wish at the existing price which udis set and other members accept.
The manufacturer of high quality flatbed scanners is trying to decide what price to set for product. The cost of production and the demand for product are assumed to be as follows:
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