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Formulate what you would consider to be an effective diversity strategy for the following sport organizations: athletic department at a traditionally all-male institution that just became coeducational.
Assume the market for oil is perfectly competitive, with the following market demand and supply curves: Find the equilibrium price and quantity for this market. Calculate consumer and producer surplus in the competitive equilibrium.
Describe the equilibrium price and sales of X. Let PY = $10. Determine whether X and Y are substitutes or complements.
A company is planning to replace outdated equipment with models that are more energy-efficient and environmental-friendly. Two models are under consideration. Model A is sold for $159,000 and can produce at an optimum speed of 78 units/hour. What ext..
A particular good, an 8 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?
What is the law of diminishing returns? Can you give an example of when diminishing returns have set in (could set in) at the place you work/would like to work? What is the difference between economic profits and accounting profits? Can you give exam..
Important model in Economics - the Supply & Demand model. The chapter talks about the differences between movement along the supply and demand curves vs. shifts of the entire curves. It lists five things that would shift the entire demand curve and f..
The AS/AD model is an excellent way to understand how specific policies and actions affect output and prices in an economy. What is the aggregate demand (AD) curve? What are the components of AD? What factors can shift the AD curve?
The average cost of a certain model car was $18,000 ten years ago. This year the average cost is $30,000. calculate the average monthly inflation rate fm for this model. given the monthly rate fm, what is the effective annual rate, f, of inflation fo..
Assume that a national restaurant firm called BBQ builds 12 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $400,000 of equipment and furnishings. What is the ammount of economic investment that h..
Interest paid on reserves held at the Fed
If deposits of $5,000 are to be made semi annually for ten years in an account earning 8% compounded continuously what lump sum would have accrued 15 years from now? Show all your work
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
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