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During 2006, Edgemont Company had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005 Edgemont had assets of $350,000, liabilities of $80,000, and capital stock of $210,000. Edgemont paid a cash dividend of $25,000 in 2006. No additional stock was issued. Compute the retrained earnings on December 31, 2006.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Suppose that the money market is initially in equilibrium for an economy. Explain with the aid of a diagram how the market adjusts to.
Is the compensation scheme at your present place of employment consistent with a reasonable solution to the agent principal problem?
Over the past recent months it has been selling its widgets for $100 each and unit sales have averaged 5,000 units per month.
Compute the short-run profit maximizing level of labor and capital demand. Compute the long-run profit maximizing level of labor and capital demand.
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
What happens to labour supply increases?-He will work more as wages increase, but only if n > 0.
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
Explain how would you estimate additional dollar cost of adding sales people? How is the expected net revenue generated by adding.
What is the value of the money multiplier? What is the value of the nomial money supply? What are the nominal values of deposits, currency and reserves?
What is the profit-maximizing price and output? What is the total profit? What is the price elasticity of demand at the profit maximizing output?
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