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Explain the economics of the substitution of ATMs for human tellers. Some banks are beginning to assess transaction fees when customers use human tellers rather than ATMs. What are these banks trying to accomplish?
Please use the following link {YOU WILL NEED TO COPY AND PASTE THE LINK} to submit a one paragraph summary and three paragraph opinion on its modern day connection to the concept of input substitutions found in our next Chapter dealing with INPUT SUBSTITUTIONS. Include any other examples your can think of as well!
Therefore this is a two part assignment...the Last Word and the response to the article. The article information must be aligned to the idea of input substitutions and their significance but must reflect your words...your point of view with examples. (While this article is based on predicting into 2014, it is interesting to note whether or not you have seen any of these!!)
The following table provides the total input requirements for each of five different total output levels: Q = 1 Q = 2 Q = 3 Q = 4 Q = 5 TECH. K L K L K L K L K L A 2 5 1 10 5 14 6 18 8 20 B 5 2 8 3 11 4 14 5 16 6 a.
Peter Minuit bought an island from the Manhattoes Indians in 1626 for $24 worth of beads and trinkets. The 1991 estimate of the value of the land on this island was $12 billion (1 billion = 109). What rate of return would the Indians have received
use the formula present value = (future value)/(1 + r)n, where n is the number of years, and r is the annual interest rate. 3. From the perspective of year 1 /1/2010, the future value on 1/1/2012 is $5,500. If the interest rate in year 2012 is r
A consumer has $100 to divide between purchasing wine and quiche. Suppose wine costs $10 per bottle if the consumer purchases up to 5 bottles. After that, it is $5 per bottle. Suppose quiche is $5 each. Please draw the budget line.
You spendthrift cousin want to buy a fancy watch for $425. Instead, you suggest that she buy an inexpensive watch for $25and save the difference of $400 for 40years in account earning 9% interest per year.how much will she accumulate in this accoun..
Government purchases and taxes are Php 600 and Php 400, respectively in millions. Investment equals Php 500 million. The autonomous part of consumption is Php 800 million. With marginal propensity to save at 0.20, what is equilibrium output
A 10 year series of $10,000 annual deposits is followed by 10 more annual deposits of $20,000, which is followed by 20 more years at $30,000 per year. For the total 40 year period, calculate the equivalent present worth deposit as well as the bala..
a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. Total Output Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120
Teletronics reported record profits of $100,000 last year and is on track to exceed those profits this year. Teletronics competes in a very competitive market where many of the firms are merging in an attempt to gain competitive advantages.
In its most recent financial statements, Newhouse Inc. reported $50 million of net Statement of income and $810 million of retained earnings. The previous year, its balance related earnings sheet showed $780 million of retained earnings.
Where PX is price of donut; PC is price of coffee; M1 is Ross's income; M2 is Jennifer's income. Suppose Price of coffee is $10, Ross's total income is $1000 and Jennifer's total income is $2000. A) Find market demand function for donuts. If marke..
Golden Star Winery produces midlevel wines consumed primarily in North America. Given below is the projected income statement for the company for 2011. Projected Income Statement (2011) Sales (100,000 cases at $7 per case) $700,000 Cost of goods s..
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