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Determine and use the profitability and operating performance ratios of Coke and Pepsi. What can you conclude about each of their profits over the past 3 years?
What happens if you are willing to pay $80 to go to a concert, but the ticket prices are only $50. How does this affect the producer and consumer surplus in markets? Provide a detailed response.
An international Corporation purchased a jet plane for use by the firm's engineers. It has an initial cost of $1,000,000, and will be sold by $500,000 at the end of year 7. Compute the depreciation schedule using MACRS Depreciation. Compute the combi..
Jimmy and Ronnie are shipwrecked on a deserted isle. Jimmy has with him 20 bags of peanuts and 4 bags of jellybeans. Ronnie has 5 bags of peanuts and 16 bags of jellybeans. Draw the Edgeworth box including their endowment point. Put Peanuts on x-axis..
Consider our competitive market described by the supply and demand model. If there are no externalities, explain why economists describe the competitive equilibrium as efficient.
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank ..
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
Construct the LOWER bound of the 95% confidence interval for the proportion of customers who would like to watch a movie in their rooms.
If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?
Assume the demand for lettuce slopes downward-and-to-the-right and the supply of lettuce slopes upward-and-to-the-right. If there is an increase in the supply of lettuce then we would expect the equilibrium price to (decrease / not change / increase)..
A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job. Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is. Frictional unemployment results from
What plant size will the firm choose in producing. Draw the firm's long-run average-cost curve on the diagram and define this curve.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
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