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How does capital help human productivity? Discuss this in relation to the following kinds of labor: farm labor, office help, teaching, government administration.
Smith Corp. has determined that its contribution margin, (P - MC)/P, is 40%. A recent market research study found the following relationship between adverting outlays and sales revenue. Advertising Outlays Gross Revenues from Sales $500,000 $4,000..
estimate the total revenue to be obtained from the component covering a price per unit of the good supplied, and the component covering fixed cost.
Suppose demand for widgets is given by the equation P=20-0.5Q. Originally, the price of the good is $10 per unit. When a tax of $2 per unit is imposed, the price of the good rises to $12 per unit. How much total tax revenue is raised by the tax
In a competitive market, the market-determined price is $60. For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30. Is this firm making the profit-max..
Arc income elasticity Deluxe Carpeting a leading manufacturer of carpeting sold 28 million square yards of carpeting at a price of $16 per yard. This year, GNP per capita is expected to fall from $19,000 to $17,000 as the nation enters a recession..
Consider again the leader-follower model from sections 8.1 and 8.2. a. Are the rates of return constant in the two countries? Which rate of return is higher? b. What happens if the leader and follower countries share a common, perfect credit marke..
Draw a figure showing the demand curve and the supply for apartments. What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied?
roger has the following utility function with respect to wealthu 20w - 0.4w2.roger starts with w 25.a plot the
If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation What term do economists use to describe this s..
It costs $20 for each scrapped component. Ignoring depreciation and assuming that the machine has a life of 5 years, what is the maximum amount you should invest in an upgrade to the semiautomatic machine? Assume production levels will remain cons..
You'll earn $0.50 on each bagel, $0.50 on each cup of coffee, and $1.00 on the other items. Salaries, equipment, and rent cost about $100,000 per year. What is the break-even quantity of bagels.
Why are these three requirements the most important?
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