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Which of the following would be classified as a short-run decision?
a) a firms decision to decrease in the amount of electricity used in day to day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room
b) a university's decision to add a new residence hall
c) a trucking firms decision to move to a smaller facility
d) a restaurants decision to increase the number of patrons it can accommodate by adding on a new dining room
Without further use of Excel, illustrate what is the probability (in %) that a randomly selected orange will contain less than 4.2 ounces of juices?
Calculate the perpetual equivalent annual cost of $5,000,000 in year 0, $2,000,000 in year 10, and $100,000 in years 11 through infinity. The interest rate is 10% per year.
Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X+2Y UB(X,Y) = X*Y The initial endowments are: A: X = 2; Y = 8 B: X = 2; Y = 8 a) Using an Edgeworth Box, graph the initial allocation and draw t..
Explain how a focus on core competency could be compatible with an expanding vertical boundary; with an expanding horizontal boundary
A mechanical engineer who recently graduated with a master’s degree is contemplating starting his own commercial heating and cooling company. He can purchase a Web Page design package aimed at delivering information only for $1,500 per year. what is ..
Thomas works in a non-military operation of a large operation that does both non-military and military goods. This company discontinued the production of non-military goods and transferred Thomas to a plant that produced military goods.
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Wages are specified as dollars per hour of work and L represents number of workers per day. Determine total demand for plumbers in New York.
Tomatoes grow well in Kansas. Why do the people of Kansas buy most of their tomatoes from Florida, Mexico, and California?
What are the current account and the capital account in the balance of payments? For each of the international transactions below, determine whether it is a credit or a debit in the US balance of payments, whether it is a current account or capital a..
Find average cost (AC), average variable cost (AVC), marginal cost (MC), marginal revenue (MR). What is the quantity that maximizes profit? What is the revenue and profit at that point?
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