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CelebNav, Inc. had sales last year of $555,000, and the analysts are predicting a good year for the start-up, with sales growing 25 percent a year for the next three years. After that, the sales should grow 8 percent per year for two years, at which time the owners are planning to sell the company. What are the projected sales for the last year before the sale? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
Explain what the quote, “Too many cooks spoil the pot” has to do with the law of diminishing marginal returns. In the context of a restaurant operation, what are the variable and fixed costs?
“Unless there are economies of scale in the production of government goods and services, they should always be provided by the smallest available government units (that is, the lowest-level government in a federal hierarchy.)”
Ugula sells rubber band in the domestic market. Their equilibrium price is $10. Ugula does not have competitive advantage in the production of rubber band. 1) Ugula now allows free trade. illustrate and explain what happen. 2)if a tarriff were put in..
What determines who pays larger fraction of the tax, the sellers or the buyers? Explain with the use of a diagram. Show on the same diagram in part b the deadweight loss that results from the tax.
An attorney acquires confidential information about a certain client. However, he discovers that this information is important for the affairs of a second client. In this situation, two duties are in conflict. What are these two conflicting duties? H..
The supply of and demand for bank reserves determines the
Assuming that price of labor (L) and capital (K) are 12 and 3, respectively. One manufacturing company is facing production function given as Q=LK. derive your total cost function. Based on your total cost function, derive the average total cost.
In a couple of paragraphs describe the practical use of optimization models and linear programming. Where do you think it is best applied? What industries would be beneficial to use optimization models?
What would happen to the demand curve if the major taxi companies lowered their prices? If you were asked to forecast future demand for this firm, how would you set up a forecasting model?
Based on the current state of the economy, recommend whether the Federal Open Market Committee (FOMC) should rise, lower, or keep short-term interest rates (the federal funds rate) the same. Support your recommendations with your research findings.
Under which of the following circumstances is the principal-agent problem likely to be most serious. The government agency that controls the development and availability of new medical discoveries, including pharmaceutical drugs is
The supply curve of a firm in the long run, is:
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