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The fire department receives its revenues from the government budget, not on a per-fire-extinguished basis. As a result, it is difficult for department officials to know if the fire department is even needed too much or too little fire protection is being supplied fires should be extinguished they should raise or lower price keep the difference between revenues and costs.
St. Mary's Hospital owns a prime piece of real estate in the center of town. There is a small shopping center on this piece of land. Rents for each store are $4,000 per month. It hires three nurses monthly at $3,000 each. Furnishings are included in ..
Why would elasticity of demand be important to you in determining the products on which the taxes should be levied".
If, at the current price, there is a surplus of a good, then
Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year. Calculate Liliput's balance of trade:
An economy has the following Cobb-Douglas production function: F(K,L) = K^1/6 (EL)^5/6. The depreciation rate is 1% and the saving rate is 48%. The economy is in a steady state, where the population decreases at a rate 1%, while real GDP per capita g..
What are the political and legal issues of South Africa. For instance the stability of the government, legal issues of concern to four business, etc.
Following the collapse of systemically important banks in 2008, were the G-20 group of countries right in early 2009 to coordinate their fiscal policies and increase government spending? How would you distinguish the effect of such a policy on (i) co..
There are three types of plant: coal, natural gas, and hydroelectric. The three types of plants face the costs appearing in the table above.
Read the "Production and Cost Analysis in the Fast-Food Industry," Case for Analysis located below. Identify how the Law of Diminishing Marginal Returns set in for the production process, and how management responded to this situation.
The vehicle of choice most often for a U.S. investor who wishes to exercise a measure of control over its foreign investment is a(n): a. interlocking directorate. b. investment trust. c. joint venture. d. all of the above.
q1. something went wrong when you completed the integration on the questions. for example on question one the q should
Find three examples of firms that pioneered a new product in a new market . In your opinion, why were the successful pioneers successful and why were the unsuccessful ones unsuccessful?
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