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Explain the difference between explicit and implicit costs using an example if appropriate. Why is it that economists consider both explicit and implicit costs to be part of total costs while economists do?
Can the causes of variances be accountable to a specific manager? Think about which managers are in charge of purchasing, inventory management, production, and so forth. Why do we want to know who the manager is--to know who to blame or for one o..
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
The supply of meat in France rise, results meat prices to fall. Lower prices always mean that French households spend more on meat.
(i) the additional annual cost if paying by monthly installments (ii) the additional annual cost as a percentage of the single payment cost.
Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material (commercials) that could be aired during children's television shows, effectively reducing the quantity
A borrower receives a reverse annuity mortgage with a 10 year draw down period. What is the balance on the RAM at the time when this loan becomes due?
explain several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. to mitigate agency problems between senior and executives and shareholders, should the compensation committee of the board.
(a) Calculate the firm's inverse demand function. (b) Calculate the firm's marginal and average cost functions.
Tip, Tax, and Total Design a program that calculates the total amount of a meal purchased at a restaurant. The program should ask the user to enter the charge for the food, and then calculate the amount of a 15 percent tip and 7 percent sales tax...
Suppose a sales tax of $0.4 per unit sold, from each of the 2,000 identical sellers of commodity X. Please find the market demand function with tax collection. Please find the market supply function with tax collection
Describe what the balanced culture will look like in America when it finally settles. Explain in an orderly manner why you came to these conclusions. This assignment requires an opinion; you must clarify your position.
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve.
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