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Q. owners of a successful restaurant want a loan for $50,000 to renovate kitchen and expand dining room. y expect that extra tables will add between $2,000 and $5,000 to restaurant's monthly revenue. Bank is willing to let business have an intermediate-term loan of $50,000 for five years at an interest rate of 6.5 percent. Estimate monthly payment and elucidate where taking this loan is a smart business decision
Assume that the marginal product of labor is: MP=100-L, L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, the wage rate for labor is $100. How many workers should I hire.
When the monopolistically competitive firm lowers price from $16 to $12, elucidate how much does total revenue change.
Make a prediction regarding opportunities and challenges that an increase in diversity may present in the United States in the next 50 years. Elucidate the reasons for your speculations.
An alternative way for the government to encourage home ownership would be to offer a tax credit instead of a tax deduction. Explain how does this alter its budget if k=0.25.
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
Q. Explain how and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people.
Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States.
Illustrate what is Great Reception's profit when producing at the profit-maximizing output
will have to rise the money supply to keep the price level from falling.can keep the price level stable without altering the money supply or interest rate.
Explain why is economics to an understanding of the problem of development. Why is an understanding of development crucial to policy formulation in developing nations.
Elucidate what is the best form of business organization to select based on various considerations, including taxes, liability, capital contributions, sharing of profits adn losses, management and control, and survivorship
Utilizing the midpoint formula, what is the price elasticity of demand for Coke at these prices. Assume the demand for Coke is a linear line. Would the elasticity of demand be elastic or inelastic at 75 cents a can.
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