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Question - A factory reorganization is expected to save $40,000 per year. It will cost $225,000 at time 0. If the interest rate is 12%, how many years does it take to recover the capital cost?
Suppose the price of celeriac decreases from $80 to $60, and the quantity demanded increases from 100 to 150 bushels. What is the price elasticity of demand using the standard percentage formulas? What is the arc price elasticity of demand?
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w, where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
Home Country: Given that the total market of the Home country is 900,000 units. Given the equations and parameter values above, solve for the equilibrium number of automobile companies, the number of cars each firm will produce, and the price of the ..
Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer.
Assume a monopolist faces a market demand curve
Maybe people have too many choices. According to one political science professor, "choices proliferate beyond our pleasure in choosing and our capacity.
What is the estimated labor cost for a job if the total adjusted estimated labor is 115 hours and the labor rate per man-hour is $23.00?
The following utility function is equal to the maximum of the amount of good x or four time the amount of good y: Draw the indifference curve for this utility function.
Explain what products or services local utility provides. Are there other companies that provide these products in your community?
A firm's marginal cost curve above the average variable cost curve is equal to the firm's individual supply curve. This means that every time a firm receives.
According to the IS-LM model, what happens to the interest rate, income, consumption, and investment under the following circumstances? Support your answer with suitable diagrams.
Why do public goods demonstrate the limitations of a free market economy. they allow consumers to make all of the economic decisions or else.
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