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3 pages on the following for the Apple iWatch
Production and Costs
a) Describe three key inputs (or factors of production) and fixed and variable costs involved in the production of your chosen product or service.One example of an input is machines, which are fixed costs. Keep in mind that all inputs will either fall under fixed or variable cost.
b) Analyze the factors that impact your choice of inputs to produce the chosen product or service. For example, how would a change in the price ofraw materials impact the combination of inputs?
c) Based on this analysis, what production decisions would you make? Be sure to support your decisions with examples or data.
When are economic sanctions likely to succeed? Why did sanctions succeed in convincing Iran to dismantle, at least for the next 10 years, its nuclear program? If Trump cancels the Iran nuclear agreement, is he likely to get a better deal? Explain.
Which of the following statements describes the main idea behind Keynes's aggregate expenditures model?
Assume that in addition to policy action described above, Fed decides to sell a massive amount of Treasury bonds from open market. Elucidate in detail effect of this policy action on size of money supply.
Since the beginning of the Great Recession, the Federal Reserve Bank has engaged in expansionary monetary policy (buying U.S. Treasury bonds) with the goal of promoting economic recovery. If the money supply continues to expand what does that eventua..
All-you-can-eat restaurants allow customers to eat as much as they want for a fixed price. These types of restaurants must make money or they would not remain in business. How can they earn profits when people can always eat more which would increase..
The perfectly competitive firm's demand curve for labor is:
You decide in May that the coming summer's corn crop will be much larger and the fall corn price consequently much lower than most people expect. To act on your beliefs, should you buy or should you sell December con futures?
The issues that you have been asked to report are if the labour market is working properly why does Australia experience simultaneous periods of unemployment and job vacancies?
Aerotron Electronics is considering the purchase of a water filtration system to assist in circuit board manufacturing. The system costs $40,000. What is the internal rate of return of this investment? What is the decision rule for judging the attrac..
There are three firms in an economy: A, B, and C. Firm A buys $400 worth of goods from firm B and $240 worth of goods from firm C, and produces 220 units of output, which it sells at $7 per unit. How much would government get if it introduced an inco..
Assume a firm (a) is a monopsonist in hiring labor and (b) is selling its product as a monopolist. Portray this market graphically. Correctly label all relevant curves, show the equilibrium wage rate and level of employment, and indicate the efficien..
The Federal Reserve has an obligation to keep prices stable while promoting full employment (a.k.a. the dual mandate). Watch the video and comment. To ensure originality of responses, you are welcome and encouraged to utilize outside sources to help ..
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