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Using shifts in supply and demand curves, describe a change in the industry in which your firm operates. The change may arise from a change in costs, entry/exit of firms, a change in consumer tastes, a change in the macro economy, a change in interest rates, or a change in exchange rates. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. If more than one change occurred, then decompose the change into smaller pieces so that your explanation has a step-by-step character to it.
of this sales revenue he must pay the manufacturer a wholesale cost of $620,000 he also pays wages and utiilty bills totaling $210,000 if he doe not operate this piano business he can work in an accounting firm and recieve an annual salery of $45,..
Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. If the Fed doubles the required ratio
P = 800 - 0.16 If the goal of the transit authority was to maximize total revenues, what is the new price it should set Also, what would the total revenue raised in this new price scheme
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $56 and the price at point e is $31 per bag. The price at point f is $67 and the price at point g is $32 per bag.
Draw the appropriate diagram, and use it to explain the logical steps to explain how positive price effects can happen
What is the likely post-merger bargaining outcome?
Special equipment can be designed and built for $80,000. This equipment will have a salvage value of $70,000 in year 1, which will decrease b y $10,000 through year 8. Operation and maintenance costs will start at $18,000 in year 1
Consider the production of Good X. Good X is produced using only labor, which can be supplied by either humans or robots, with the production function given by X=f(H,R)=H + R. Humans and robots are perfect substitutes for each other.
What additional procedures would an auditor perform if a majority of sales came from a single customer?
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate
Is there market or government failure (regulation that is hurting rather than helping)? Note, anytime an industry is not a perfectly competitive market, there may be elements of market failure.
Fixed Assets Property, plant, and equipment $2,200 $1,870 $1,814 $1,422 $1,400 Less: Accumulated depreciation $400 $200 $180 $80 $75 Net property, plant, and equipment $1,800 $1,670 $1,634 $1,342 $1,325 Intangible assets $300 $240 $220 $210 $205
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