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1. Define the factor of production called capital. Give three examples of capital, different from those in the chapter. Distinguish between the factor of production capital and financial capital.
2. A Job Creation through Entrepreneurship Act, debated in the House of Representatives in 2009, would award grants to small business owners, some of which would be aimed at women, Native Americans, and veterans. The Act would provide $189 million in 2010 and $531 million between 2010 and 2014. Explain how you would expect this Act to influence what, how, and for whom goods and services are produced in the United States.
Assume that the manufacturer can tailor a take-it-or-leave-it offer for each individual retailer, of any form desired. To maximize her profits, what should the manufacturer do?
How many types of voids are present in a hydrated cement paste? What are their typical dimensions? Discuss the significance of the C-S-H interlayer space with respect to properties of the hydrated cement paste.
Estimate the effect of electrostatic spring softening on the Analog Devices accelerometer, as discussed in Section 19.4.2.
For the declining-balance method, Wang Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 24,000. Actual hours of use in the first 3 years were: 2009, 400; 2010, 4,500; and 2011, 5,000.
The shaft ABC is attached to rigid walls at A and C. The torque T0 is distributed uniformly over segment AB of the shaft. Determine the reactions at A and C.
The alternatives are, Alternatives Cash flow A B C Installed cost $12,250 $14,000 $16,500 Uniform annual Benefit $ 2,750 $ 2,700 $ 2,950 Salvage value $ 1,500 $ 2,500 $ 5,500 Useful life in Years 8 12 12 Due to the unknown rate of technology trans..
Why are the marginal revenue numbers less than the price in the table on page 22-5? You can use either the original or the new MR numbers to answer this question. Note that this is different from pure competition, where P = MR. In other words
At present, Zales has 100 rubies, 120 sapphires, and 70 hours of jeweler's labor. Extra rubies can be purchased at a cost of $100 per ruby. Market demand requires that the company produce at least 20 type 1 rings and at least 25 type 2.
Now suppose a proportional tax with a 10 percent tax rate is imposed instead of the regressive tax. Calculate and graph the new consumption schedule, and note the MPC and the multiplier. GDP, Tax, percent DIs
You know that the water park will increase the traffic flow in the streets around the water park. There are both businesses and neighborhoods adjacent to the increased traffic flow. The cost to the community is estimated to be $6 per person. What ..
Now suppose the firm has a chance to buy an unlimited number of engines from another company at a price of $1400 per engine. Will this option affect the number of cycles it plans to produce Its price Will the firm continue to produce engine itself
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100.
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