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Review Questions:
1. How does competition between capitals necessitate accumulation?
2. How does capital-intensive technical change help firms compete?
3. What are the advantages of scale in capitalist competition?
4. Describe how capitalist competition could trigger an overproduction of investment goods.
5. How can overproduction trigger crisis in Capitalism?
6. How does crisis affect capitalist competition? (In relation to the size of the market and impact on different firms)
7. How does rising organic composition of capital threaten the rate of profit?
8. What are some counter tendencies that prevent a straightforward fall in the rate of profit?
You have borrowed $25,000 at an interest rate of 16%. Equal payments will be made over a three-year period. (The first payment will be made at the end of the the first year). What will be the annual payment?
The small economy of Pizzania produces three goods (bread, cheese, and pizza), each produced by a separate company. The bread and cheese companies produce all the inputs they need to make bread and cheese, respectively. Calculate GDP as the value add..
Sixty-five randomly selected car salespersons were asked the number of cars they generally sell in one week. Fourteen people answered that they generally
One year ago a machine was purchased at a cost of $2,000, to be useful for five (5) years. However the machine failed to perform properly and has cost $200 per month for repairs, adjustments, and shut-downs. A new machine designed to perform the func..
The Governor of Arkansas has asked you (her crack economic advisor) to analyze how employment in trucking and poultry processing will be affected if deregulation lowers labor cost in both industries by ten percent. The product demand for poultry is l..
Life-long learning, obtainable through continuing education and certification programs, is important to being able to correctly perform engineering economic
Analyze the marketing environment. Outline what factors you should be aware of and how you will adjust accordingly.
Clearly show your steps and determine your short-run profit maximizing output and price.
q.assume that company abc is replacing workers on the manufacturing floor with robots and other machines. company xyz
Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it enters the market, Mattie’s can either accommodate him and share his 10million in profits equally with Irene or fight him a..
What is the difference between growth rate of efficiency and level of efficiency?
Use monopoly analysis to depict a drug company's effort on consumers & producer surplus. Do the company's actions create a dead weight loss?
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