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How well do free market systems versus government intervention in markets address poverty and income inequality?
Differentiate with examples, total cost (TC), total fixed cost (TFC) and total variable cost (TVC)?
The Board Looks to You Bond valuation with realistic business details including early-call premium. Medium difficulty. Good example of employer taking a small
Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 5(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA..
Your company just purchased 4 forklifts for their warehouse operations for a total of $115,000. They want to depreciate this personal property over a period of 8 years. Use the Double Declining Balance (DB) method to determine the book value at the e..
If international trade increases prices, employment, and wages among more competitive and efficient producers but has the opposite effects among less competitive and efficient producers, why should anyone listen to opponents of international trade? E..
Two firms are ordered by the federal government to reduce their pollution levels. Firm A's marginal cost associated with pollution reduction is MC=150+3Q. Firm B's marginal cost associated with pollution reduction is MC=9Q. The marginal benefit of po..
A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another worker earns $48,000 in employment income and $2,000 in investment income. Which of the payment systems in Exercise 1..
How else may lead time be reduced? Will transportation cost change with reduction in lead time? Discuss with examples?
In terms of the law of contract can they sue Mr Patel for the cost of R17 000.00 that they are now required to pay to rectify the errors. Assume that the electrical compliance boards report is correct. Do you think Mr Patel has any defence to the cla..
You have decided that in order to have a comfortable retirement you will need to replace $65,000in income each year in retirement. Assuming you will need 20 years of retirement income and an inflation rate of 3.5%, how much will you need to have save..
Explain how a monopolist chooses its profit-maximizing price and quantity. The paper should then discuss how the monopolist’s profit-maximizing decision affects price, quantity traded, consumer surplus and producer surplus, compared to a competitive ..
The Business Cycle Dating Committee of The National Bureau of Economic Research is the group that defines when the U.S. economy is in a recession or expansion period. The primary determinant of economic activity is real GDP. Calculate the longest tim..
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