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In November 2007, the New York Yankees agreed to pay Alex Rodriguez at least $275 million over ten years. If this salary were to be covered by ticket sales only, how many more tickets per game would the Yankees have to sell to cover Rodriguez's salary in the 81 home games per year if the average ticket price is $65?
Determine what would happen to GDP if a significant number of house spouses who were previously stay home to care for their children began taking jobs and placing their children in day care?
How does a utility-maximizer decide how much to work and how much time to spend in leisure activities?
What is national saving? What is private saving? What is public saving? How are these three variables related?
You have calculated the expected NPV of project A to be $3,758 and that of project B to be $3,114. Can you be certain that you should recommend to your management to implement project A.
During recent years, MicroChips Corporation has enjoyed substantial economic profits derived from patents covering a wide rang of inventions and innovations for microprocessors
What is Michael's accounting profit or loss? What is Michael's economic profit or loss? Did he make a good decision starting his own business?
The marketplace structure of Starbucks is a monopolistic competition. In the coffee industry, many producers and consumers exist, the goods and services are mixed.
The stronger the US dollar is relative to the rest of the world, all else constant, the larger the net exports in the US and Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
When 2-mutually exclusive projects are considered, NPV calculations and IRR calculations may, under certain circumstances, give conflicting recommendations as to which project to accept.
What do you call the average production cost of a particular level of output; total input cost divided by units of output?
Max Whitley, manager of Whitley Construction, builds new homes in a booming community in the Midwest. Although the sales have slowed down because of a national recession, it now looks as if the recession is about to end.
Describe the crowding-out effect of an increase in government purchases. Why does the magnitude of the crowding-out effect depend on how responsive interest rates are to increased government borrowing and how responsive investment is to changes in..
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