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Suppose, a firm sells 20 flower arrangement at a price of $30 each. The firm faces total cost of $400, and marginal cost of $15. What are the firms average total costs and profits?
discuss the importance of the command process and the traditional process in the making of management decisions.
As a manager, it is important to understand how the business cycle affects supply and demand, prices, and how economic shocks will impact your company's markets, supply chain, and financing.
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
If the FDA announced that a scientific study had discovered that eating bananas provided previously unknown health benefits, what would likely change in the banana market? How would that change affect the market equilibrium (price and quantity)? Who ..
Determine the most Magna should be willing to pay to lease the land for the expected life of the project and calculate the profit under each possible demand curve with the optimum size of the shopping center.
Suppose an economic agent has a utility function U = Ln (R). Assume R is the return on investment and utility is the natural log of investment. If the investment is highly successful then the agent earns $10000. Calculate the expected utility of the ..
Suppose the government were to decide to increase tax rates and cut spending. If the Federal Reserve was feeling rebellious and disagreed with those policy choices, what actions could they take to offset the expected effects? Briefly explain.
In the US, realized capital gains are taxed at 15% if they are held for more than a year. Suppose instead that we include realized capital gains (those held for more than a year and less than a year) in income instead so that they are added to an ind..
Strategy and Planning for Local Economic Development. Choice of key primary Strategy - Human Resource Development, Business Development, or Community Economic Development. Integration of your primary strategy with other development strategies.
The marginal product of labor is 10 and the marginal product of capital is 20. If the wage rate is $10 and the price of capital is $5, is the firm using the right balance of capital and labor? Explain why or why not. If why not, which input should th..
q.tax cut under fixed as well as flexible exchange rates1 what is the impact of a tax cut in an economy operating under
Participate in a discussion with your classmates regarding the expenditure multiplier effect within your local community, state, or region which magnifies or multiplies expenditures that increase the real GDP. Describe who benefits from the first-rou..
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