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When describing firms in a competitive industry we often assume that all firms have the same cost structure. However, this assumption is usually not true in reality. Which of the following would NOT be a possible explanation for why two firms in the same industry have different cost structures?
A. One firm is newer and has more modern equipment that is more efficient
B. One firm is located closer to the source of raw materials and has lower transportation costs
C. There is a higher demand for one Firm's products
D. One firm is older and paid a lower price for its land and factory buildings
Jill, a widow, died on December 15, 2015. At her death Jill owned many assets with the following FMV at DOD (fair market value at time of death): Calculate Jill’s taxable estate. Calculate the amount of Jill’s estate tax
Without regulation, how much would a monopoly charge per ticket and how many tickets would it make available?
as you have worked as a real estate agent for 10 years as well as are earning about 100000 every year with your current
The required rate of return, or the opportunity cost, is 8.5%, and the expected constant growth rate is g = 6.4%. What is the stock's current price?
Explain what costs must be covered in the short run for the firm to remain open.
How much monetary capital to invest abroad. Explain how each of these considerations is important to the success of foreign operations.
The probability of no defective products is 80%. The probability of 5% defective products is 20%. What is the expected cost of producing 500 products?
Analyze the dynamics of supply and demand to anticipate market equilibrium. Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
The demand for coffee increases and coffee producers begin earning economic profits. Assume the coffee industry is perfectly competitive. Compared to this new situation, in the long run how are the price of coffee and economic profits for coffee prod..
Siemens has announced job cuts of 4,500 employees today because a drop in industrial profits to 1.70 billion euros from forecast level of 1.78 billion euros. The new cuts come on top of 7,400 job losses announced earlier. Why is Siemens doing this wh..
Mr. Chan has decided to sell his flat but insists on getting a price of $12 million because that is the price he paid for it.
Which is the expected utility of wealth. Beatrix has $109 of wealth. She is contemplating a gamble that gives her a 0.25 probability of winning $180 and a 0.75 probability of losing $60.
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