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A business that produces small appliances, such as blenders, toasters, etc. is considering expanding its blender line. It might require additional space, labor, and management time devoted to planning, and executing the expansion. How would your analysis change if you operated this business in a country that had a command-and-control type of economy, vs if you owned it in the U.S.?
Construct a 95% confidence interval of the proportion of American adults who view China as either "unfriendly" or as "an enemy."
The XYZ Printing Co. wants to calculate the cost of adding a third machine. Comment on the following statement made by the company accountant: “If we add a third printing press, our total costs will increase from $870 to $960. Therefore the marginal ..
A demand curve is given by the following equation: P = -4Q + 160. i) Calculate the Total Revenue when Q = 25 and when Q = 28.
Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.
Is Deflation Good for Workers? Why or why not? Why do you think deflation can be bad for the economy? What is the impact of deflation on the economy and monetary policy?
A sample survey to estimate the fast-food market in a large city was kept small enough to allow repeated follow-up. The high response rate meant that the sample was essentially random. Calculate a 95% confidence interval for the mean of the whole pop..
How does how you invest an emergency fund differ from how you invest a long term investment account? Why or Why not?
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
A firm sells its output in a perfectly competitive market at a fixed price of $10 per unit. it buys tow imputs L and K at prices of $15 per unit and $50 per unit respectively and has following production function: Q=100L0.3 K0.5. Use calculus to show..
Relative to managers in more monopolistic industries, are managers in more competitive industries more likely to spend their time on reducing costs or on pricing strategies?
Given the tremendous pressure post-retirement benefits such as pensions and retiree health care cost are placing on the finances of most state and local governm
What is market power? What is an oligopoly? How are the two related? I have a summer home in western Michigan. If I want to have internet service, I can buy it from Comcast.....or not have it. Is this a monopoly? Are monopolies a good idea? Why? Why ..
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