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A publisher of a new novel has spent $250,000 setting the type. The publisher must spend $1 million advertising the new book. It is now ready to print the book. For practical purposes, as many books as they like can be printed. In deciding how many copies to run.
a. does the cost of typesetting have any influence on the publisher’s decision? Explain.
b. does the cost of advertising have any influence on the publisher’s decision? Explain.
A great deal of expensive research is invested in developing technologies to deliver productive agriculture. Horticultural efforts to breed hybrid crops are seen as far back as history can observe, and there have been efforts to domesticate improv..
If the US dollar depreciates dramatically relative to the Chinese yuan.what effect would this have on consumers and businesses in each country.
Explain why is it important for a country to calculate their GDP and release this information to the public.
You have the alternative of leasing an asset for $100,000 a year, with payments to be made at the end of each year of use. This lease cannot be cancelled.
Physical capital, Natural resources, Human Capital and Technical Knowledge, should it be Government policy to subsidize the production or acquisition of all or these?
Is energy efficiency the same as economic efficiency? Explain. Under what circumstances would the energy-efficiency automobile described her be economic efficient?
An ice cream shop read in the local paper in which the elasticity of market demand for ice cream
To increase marketplace share, Giuseppe would like to raise sales to 750 every week. Elucidate price should Giuseppe set.
Suppose that two power plants, company 1 and 2 release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard.
THe production function is y= a * Ka * L1-a, If a= 0.3, and over the past year total factor productivity grew 2.3 percent, capital grew 2 percent, and labor grew 3 percent, what was the growth rate of output?
Explain how will these events impact the equilibrium price and quantity of generic soft drinks.
Calculate the real GDP in every year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two,
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