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A new soap press purchased by the Rub-a-Dub-Dub Soap Company costs $65K. Determine the payback period in months if the press can produce 120 gross of bars each month and each bar is sold for $.96 and costs $.42 to produce. (Answer: 7.0 months)
However, it hasn't dried up even though some of the least efficient mining sites have shut down in the US and Canada and (as the following quote from a Wall Street Journal article illustrates ) remaining oil producers despite increases in total pr..
In 2010, 40% of all U.S. corn production was used for producing ethanol, while 60% was used for consumption in or as food products. In 2011, a prolonged drought reduced the overall production of corn by 30%, from 10 million bushels to 7 million bushe..
Other things equal, when Europeans want to buy less grains from the United States, Question 3 options: U.S. imports increase. U.S. exports increase at every level of domestic income. U.S. exports decrease at every level of domestic income. U.S. gover..
As a result of the United States suspending gold sales to foreign countries in 1968,
Joint Distribution of Weather Conditions and Commuting Times
Assume that the price of Smartphone’s increased from $420 to $444 per unit. The manufacturer decides to supply 15,000 units instead of 12,000. Calculate the price elasticity of supply.
Sketch a simple supply-demand graph for sunflower, with price on the vertical axis and quantity on the horizontal axis. Don’t worry about quantities or slopes, but make sure demand has negative slope, supply has positive slope, and the two lines cros..
Country A has a population of 1,000, of whom 800 work 8 hours a day to make 128,000 final goods. Calculate each country's productivity and real GDP per person
An airline estimates that the price elasticity of demand for business travelers (who travel on weekdays) is - 2, while the price elasticity of demand for vacation travelers (who travel on weekends) is - 5. If the airline price discriminates (and cost..
Illustrate what are some of the benefits also costs which contribute to your customer value from each of the subsequent products.
If the nominal interest rate is 4 percent and expected inflation is 1 percent, what is the real interest rate? Suppose instead that the nominal interest rate is 80 percent and the expected inflation rate is 40 percent.
Illustrate what other additional information do you need, and how would you proceed if you had that information.
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