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Suppose two soft -drink bottling companies employ drivers whose job it is deliver cases of drinks to stores, restaurants, and businesses. One company pays its drivers an hourly wage and the other pays them by the number of cases delivered each day (which can be affected by efforts of drivers to visit and sell to new customers). Which company is more likely to experience higher rates of traffic accidents among its drivers? Why?
Suppose that you own a 25 year old movie theater in Micropolis. It has 6 screens and a concession stand. Across town there is a 7 year old movie theater with 4 IMAX screens and 20 more regular screens. Do you think that your firm (the small theater) ..
Bill receives utility form consumption of two goods X and Y. If price of X is $6 and Price of Y is $2, Bill’s budget is $14 and the marginal utility of X is MUx = 3X^2Y^4, what is the optimal amount of X and Y. Solve using the Lagrange multipliers me..
Predict what you believe will be the most significant changes in international taxation you will likely see in the next few years. Explain your reasoning.
e marginal cost of making a copy is $.50 (50 cents). The average customer makes 4 copies at a time. Illustrate what pricing strategy will maximize your profits.
If the SP curve is steep then monetary and fiscal policy will have a ________ effect on inflation and a ________ effect on unemployment.
Southeastern Oklahoma state university's business program has the facilities and faculty to handle and enrollment of 2100 new students per semester. Although there was ample demand for business courses last semester, conflict in schedules allowed onl..
A monopolist operates in an industry where the demand curve is given by Q=1000-2p. The monopolist's constant marginal cost is 8 dollars. What is the monopolist's profit maximizing price? How much does the monopolist produce? What are its profits?
The initial cost of a pickup truck is $10323 and will have a salvage value of $3850 after five years. Maintenance is estimated to be a uniform gradient amount of $160 per year, with zero dollar for first year maintenance. The operation cost is estima..
The national debt is now $8,700,000,000,000. If the population of the United States is 300,000,000 what is each citizen's share of this debt? The national debt is rising at the rate of 1.69 billion dollars per day. Explain how much is each citizen..
a company makes a decision to expand its production line that requires initial investment of 100000. the company
The graph below shows the demand and supply curves of the market for gasoline as well as the wedge that the tax creates. Explain how much is the total tax revenue.
Even though transport costs could allow for large variance, why is re a large variance. Do we see same sort of variance for prices in markets within a country that are segmented by large distance.
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