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How Do We Measure Technological Progress? If we cannot measure every invention or new idea, how can we possibly measure the contribution to growth of technological progress?
The unit cost of a console to Nintendo is $30, and of a game to Sega is $10. Suppose, each month, Nintendo considers prices $250 and $350 for consoles, and Sega considers $40 and $50 for games.
How does this tool assist the marketing and management teams to solve problems within the company?
The market has changed since your company bought the machine; it now seems possible that it could be sold for as much as $20,000 5 years from now; what is the present value (i=4%) Will this affect the company's taxes
Suppose Mary earns $13 an hour installing transistorized digital chips in electronic calculators. If you were unemployed, would you offer to work for $8 an hour to get the job Why might a profit-maximizing employer turn down your generous offer
the following table shows nominal gdp and an appropriate price index for a group of selected years. compute real gdp
The other 99 players then vote on whether to split the pie in that way or not. If a majority of them (that is 50) vote for the split, then the split is implemented, each player obtaining the proposed share. If a majority vote against the split.
Ford is budgeting $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the annual interest rate is 10%, what is the expected cost of labor in the first year
Find the marginal utitlity for each chicken piece. What is the meaning of the marginal utitilty of the 11th piece? If the price of chicken pieces is $1.25 each, how many will you buy? If the price falls to $0.50, how many will you buy? Explain carefu..
Given a two period model and an inverse demand curve for a depletable resource is P= 10 - 0.2q and the Marginal Cost is constant and equal to 3. a)What is the static efficient level of consumption for the resource b)If the discount rate is zero
The purchase price of a natural gas- fired commercial boiler (capacity X) was $181,000 eight years ago. Another boiler of the same basic design, except with capacity 1.42X, is currently being considered for purchase. If it is purchased, some optio..
Suppose the economy is in a short-run equilibrium where Y
There are two bags, each each containing 100 ping-pong balls. Bag A contains 100 red balls and no black ball, and bag B contains 20 red and 80 black. you are are blindfolded and reac into a bag.There is a .5 probability it is bag A .
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