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Evaluate the following assertion: Profit maximization on the part of a monopolist means that the reduction in a sales tax (which it remits to the government) will not lead to a reduction in its prices.
Many people focus on the effect of monetary policy on interest rates in the economy. Use the loanable funds market to explain how unexpected contractionary monetary policy affects interest rates in the short run. Also explain the changes in real GDP,..
Sheridon Corporation is investigating automating a process by purchasing a new machine for $519,000 that would have a 6 year useful life and no salvage value. By automating the process, the company would save $135,000 per year in cash operating costs..
Do you think that a manager's job is universal? In other words, is the concept of management the same in any organization (withstanding the obvious differences in responsibilities and duties)? If possible give examples that support your point from an..
Upjohn Company purchased new packaging equipment with an estimated useful life of five years. The cost of the equipment was $35,000 and the salvage value was estimated to be $5,000 at the end of year 5. Straight-line method. Double-declining-balance ..
most powerful people in the world might be measured more powerful than most countries leaders
onsider a 3*3 matrix in which each entry is either 0; 1 or -1. Add up the sum of the three entries in each row, column and diagonal and form a list of the sums. Give an explicit example of such a matrix and the corresponding list. Choose 16 distinct ..
1. What are the perfect market assumptions? 2. Explain whether the following statements are true or false. In each case, provide justi?cation for your answer:
Utility function of Inzaghi is given as u(x, y) = 2x2y. His income is $m, to spend onconsumption of x and y. Assume that price of y is 3 times the price of x, i.e. Py = 3Px. State the optimization problem for Inzaghi, including the constraints. Deter..
Some of the forces working against freer global trade are:
Other things equal, investment spending will increase when:
q1. on a 100-acre farm a farmer is able to manufacture 3000 bushels of wheat when he hires two employees. also he is
Compare and contrast the effects of a quota and a tariff on imports. Be sure to include both short-run and long-run effects in your answer. Differentiate between the current account balance and the capital account balance.
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