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What are opportunity cost and some examples in every day life? Discuss how to make decisions based on opportunity cost. Relate opportunity cost to our studies in ECON101.
Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2010.
Assume that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output
Your friend tells you that in her country it is common to pay bribes to gain favor with important people Comment on both positions from a relativistic ethics point of view What do you believe and why?
Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?
q. assume the united states exports 2000 computers at a cost of 3000 each and imports 200 uk autos at a cost of
A population of values has a normal distribution with µ = 12.1 and s = 30.3. You intend to draw a random sample of size n=23.
A company is considering two alternatives for manufacturing a certain part. method R will have a first cost of 40,000, an annual operating costs of 25,000 $, and a 10,000 $ salvage value after its f8ve year life. Method S will have an initial cost of..
A publisher is considering launching a new magazine for women in the 18–25 years age group. It is thought to be vital to the long-term success of the magazine that its sales should reach break-even point within its first year. Sketch out the key feat..
An asset is purchased for $20,000. If it has a useful life of 10 years and salvage value of $5000. a) Use the DB and DDB methods to determine: the depreciation charges and book values for years 2, 4, 9, 10. b) What is the implied salvage value for th..
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
Average citizens are not concerned about the incidence and efficiency of taxes when they debate tax issues. They are concerned primarily about the fairness of the tax system. Economists have proposed two conflicting principles of fairness in any tax ..
Large producers of ham and pork food products require a steady supply of pigs over a long period of time to operate efficiently. Is vertical integration into pig farming needed to maintain that steady supply?
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