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1.You are the CEO of Exxon/Mobil: Your head of Research Department informs you that his chemists have devised an additive that doubles the mileage of Exxon/Mobil gasoline. What do you do?
2. Your friend tells you that he just bought a new set of speakers for his stereo system that cost 3 times as much as his former speakers. When asked if the new speakers are 3 times better he says no. So, why did he buy them?
3. Discuss the Henry George idea for a single tax on real estate.
4. Why did the California State Lottery extend the payoff period from 20 years to 26 years?
5. Why have health care costs risen to steeply in the past 20 years?
6. Discuss the merits of pollution credits versus carbon taxing.
Determine what type of monetary policy has the Federal Reserve been using for the last year easy or expansionary, tight or contractionary, or neutral or non-involvement)?
You've been appointed by an unprofitable firm to determine whether it should shut down its unprofitable operation.The firm currently employs 70 workers to produce 300 units of output per day.
Assume the demand curve for a monopolist is Qd=500-P, and the marginal revenue function is MR=500-2Q. The firm has a marginal and average total cost of $50per unit.
If we believe that the laws of supply and demand always hold, explainc why is it that the 'popular' gifts for the holidays always sell out early?
Generally, which of the following is true? (where rE is the cost of equity, rD is the cost of debt and rA s the cost of capital for the firm.
Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run, if L = 250 and K = 25, what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate?
As a manager of a financial considering business you have two financial planners, Phil and Francis. In an hour, Phil can make either one financial statement or answer ten phone calls,
Estimate the demand function
Represent this economy using the AD/AS model and explain the model and what problem will occur in the economy if no fiscal policy is pursued? What fiscal policy tools could be used to combat the problem? ECOM4000
Suppose you own the home remodeling company. You're currently earning short-run profits. The home remodeling industry is the increasing-cost industry. In long run, what do you expect will take place to
You're in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and just announced that her union will go on strike against management unless you grant the workers a significant pay raise.
The output effect of an increase in the wage comes about because higher wages:
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