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A firm has sales of $22,400, net income of $3,600, net fixed assets of $18,700, inventory of $2,800, and total current assets of $6,300. What is the common-size statement value of inventory?
What are voluntary export restraint agreements? Why do some governments force foreign exporters into them instead of just using quotas or tariffs to restrict imports by the same amounts?
a. Find the market demand function and the market supply function for this card. b. Mathematically obtain the equilibrium price and equilibrium quantity. c. Construct the Demand and Supply table and mark the equilibrium price and quantity.
You, as chairman of the Fed (congratulations), are considering whether the monetary base or the interest rate should be used as a target. What information do you need to have to make an informed decision? When would each be a good (or bad) choice?
In 2000, the town of Brother’s Bay in Door County Wisconsin had a more-or-less free market in boat services. Any adult citizen could provide boat services as long as the drivers and the boats satisfy certain safety standards. What is the competitive ..
Suppose that a firm's production function is given by Q=K^0.33L^0.67, Where MPK=0.33K^-0.67L^0.67 and MPL= 0.67K^0.33L^-0.33. As K increases, what happens to the marginal product of labor? Why would the MPL change as K changes? What happens to the ma..
Economic growth rates vary greatly from country to country. Look at the experiences of the United States, Japan, Ethiopia, and China over the last twenty years. Find the average growth rate for each country over that period. What are some of the diff..
Extraction of a resource takes place in just two periods, current and future. Current-period marginal costs and marginal benefits behave according to MCC(q) = 15 + q0 and MCB(q)=65−q0. Find the optimal level of current resource extraction, q0. Sketch..
The banking system currently has $100 billion of new reserves, none of which are excess. People hold only deposits and no currency and the reserve requirement is 10%. If the Fed lowers the reserve requirement to 8% and at the same time buys $10 billi..
The consumption function is given by:C=250+0.75Yd. What is the multiplier in this economy?
How are consumer surplus and producer surplus related to the benefits of international trade?
An engineering firm estimates that its cost for employer sponsored health insurance will be $750,000 next year and increase at 11% per year for the next 8 years. The company CFO wants to budget a uniform amount each year to cover these costs. If the ..
The marketing manager must compare sales of two brands in the firm’s product mix. Complete the remaining parts of the following table: Brand X 10,000 volume Brand Y 20,000 volume Total 30,000 volume Unit Price $10.00 $3.00 -- Sales revenue Unit VC $4..
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