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Polly's Pet Store on the Island of Atlantis has a local monopoly on the grooming of dogs. There are 1,000,000 citizens of the Island of Atlantis and 75% of them love and want dogs, but there are only enough dogs on the island for 25% of them to have one. Assuming that, by law, dogs have to be groomed at least one time per year, how many groomers would be needed if every groomer could groom 15 dogs per shift (5 shifts per week, 50 weeks per year).
If there is a technology change (cordless clippers) that make each worker more efficient (20 dogs per shift), how would that impact employment?
What are 3 assumptions in this problem?
A person rents a home for which she pays the landlord $12,000 a year. The can can be bought for $100,000 and tenant has this much money in a bank account that pays 4 percent interest per year.
Write down to one paper on John Maynard Keynes the paper will follow proper MLA format and bibliography.
Southwest Physicians, a medical group practice, is just being formed. It will need 2 million dollar of total assets to generate $3 million in revenues.
Provide a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example.
A new hybrid car manufacturer is trying to decide among making and buying its parts and components. it has complied the following data per vehicle produced:
Assume the Disney Company was experiencing above normal benefits. What would you predict would happen over time
Prior to opening his hardware shop Bob worked as an investment banker earning $175,000 each year. He pays his employees $150,000 per year.
In perfect competition, profits will disappear in the long run as new firms enter the market; in a monopoly, profits may exist in the long run. In the short run, both monopoly and perfect competition attempt to minimize total costs.
Suppose that no taxes are imposed, Estimate the equilibrium value of GDP if government expenditures are $50 billion and inteneded investment is $50 billion?
Important information about Equivalent yearly Worth. With an interest rate of 10% per year and given the following estimates, the annual worth of alternative ''F'' is closest to
Suppose that work hours in New Zombie are 300 in year 1 and productivity is $14 per hour worked. What is New Zombie's real GDP? _____$ If work hours increase to 320 in year 2 and productivity rises to $16 per hour, what is New Zombie's rate of econ..
Compute the income elasticity also elucidate how sale of the novels would change during a period of rising incomes.
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