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People love to have things to complain about. In recent times, one of the biggest issues has been pollution -- the idea that we are contaminating the environment through our consumption of various goods and services. If this is the case, then isn't the optimal level of pollution zero? After all, shouldn't that be the goal that we strive for?
Thorpe Mfg., Inc., is currently operating at only 88 percent of fixed asset capacity. Current sales are $320,000. Suppose fixed assets are $250,000 and sales are projected to grow to $357,000. How much (in dollars) in new fixed assets is required to ..
In order to maximize net benefits, the managerial control variable should be used up to the point where:
Explain the possible problems for consumers of each of the following ways of dealing with a natural monopoly: Why do most economists argue that the money raised by selling off state-owned firms is not an especially good argument for selling them? Wha..
For which of the following would you use dynamic aggregate supply and demand analysis? The alternative would be static aggregate supply and demand analysis. The current inflation is about 1%. If taxes fell, would the inflation rate rise? The economy ..
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
What is the invisible hand principle? Does it indicate that self-interested behavior within markets will result in actions that are beneficial to others? What conditions are necessary for the invisible hand to work well? Why are those conditions impo..
Use the array concept and read the person name from the file. Just view the entire array on the output screen.
Steve Parkhill, Rogers’ Chocolate President, has asked you to make three priority recommendations to position the company for growth. What are your recommendations, and why to do you believe they warrant priority?
A calculator company produces a scientific calculator and a graphing calculator. Because of limitations on production capacity, no more than 220 scientific and 180 graphing calculators can be made daily. To satisfy a shipping contract, a total of at ..
In 2011, the government of a nation established a price support for wheat. The government’s support price has been above the equilibrium price each year since, and the government has purchased all wheat over and above the amounts that consumers have ..
What is an option security? Describe the difference between a call and a put. Discuss the EMH. Describe the ‘strong’, ‘semi-strong’, and ‘weak’ forms of the EMH. Discuss what factors contribute the price of common stocks.
Everett McCleskey, a local business person, is a good friend of Al Miller, the owner of a local candy store. Every day on his lunch hour, McCleskey goes into Miller’s candy store and stays about five minutes. After looking at the candy and talking to..
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