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Suppose ten pretzels are sold at a price of $8 each and the marginal product of the last unit of labor required to produce pretzels is 5 units. The total revenue of the firm producing pretzels is _____.
a.?$6b.?$50c.?$150d.?$30 e.?$80
Assuming which marketing sets the direction for company actions in production also management in order to achieve overall company objectives
Why is off shoring inevitable in some jobs? What jobs are in danger? What jobs are insulated or protected from outsourcing? What can you do to protect your job from being outsourced?
A company planning to borrow $9.0 million for a plant expansion is not sure what the interest rate will be when it applies for the loan. The rate could be as low as 8% per year or as high as 10.2% per year. The company will move forward with the proj..
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge t..
If one chooses to take on debt, they can do it by loans that have (1) annual payments on the principal of the loan (2) interest payments each year with principal paid at the end or (3) no interest payments until the end when interest and principal is..
In 2010 few firms were investing in new projects or expanding. Yet, interest rates were extremely low. Why, with this very low cost of capital would firms not be investing in new projects?
The demand for labor curve will be less elastic for the industry than for the firm because
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
A medium-sized profitable corporation may buy a $25,000 F-150 for use by the shipping and receive department. During the truck’s 5-year useful life, it is estimated the firm will save $6000 per year after all the costs of owning and operating the tru..
Sketch a perfectly competitive firm operating in short-run equilibrium but making economic losses. Put in all the functions necessary to show that the firm should stay in business in the short-run despite the losses. Shade in the area of loss shown b..
Evaluate in relation to the key export readiness requirements and identify any characteristics that may be important to the company's potential export success.
The price-quantity relationship has been estimated for the new prostate cancer blood test: Q = 4,000 – 20 × P. Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from $200 to $0, using $50 increments. For each ..
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