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Suppose a firm produces bicycles. Will the firm's accounting statement reflecte the opportunity cost of the bicycles ? Why or why not? What cost would an accounting statement revela? Should current decisions be based on accounting cost? Explain.
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
Describe why relatively flat as opposed relatively steep labor demand curves are more consistent with empirical observation that there are relatively minor changes in the real wage rate over course of business cycle.
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more awa..
Elucidate the varying assistance programs for the poor in the United States, addressing how benefits are allocated, funded, and controlled.
Suppose you own a movie theater and most of your costs (the band, security, the land rental, etc.) are independent of how many people show up. What is likely to be the point elasticity of demand at the price you decide to charge?
Assume these customers live in Cuba and get a ration of 50 units of Q each month. What is the marginal willingness to pay at this level of consumption for each customers ?
In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies can download employees' wages and salaries electronically.
The level of investment down because of a lack of confidence in the economy. Interest rates are kept artificially low by the Federal Reserve for several years.
What do the unusually large maturity yield differentials noted above suggest about investor expectations of future short term interest rates?
Jim previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business. what is the economic cost of the time he contributes to the new business.
After her final exam this semester, Sylvia must drive from her school in Philadelphia to her home in upstate New York-What are Sylvia's expected .ne, expected wealth, and expected utility if she travels through PA?
Balance sheet: equipment = 500, inventories 100, receivables70, payables = 50, debt = 300
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