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A manufacturing firm's specialty circuit board division has annual fixed costs of $100,000 and variable costs of $15.00 per board. If they charge $95 per circuit board, how many circuit boards must they produce and sell in order to break even?
suppose a mid-sized regional bank has 1 million dollars which it is considering investing either in 30 year zero coupon
Find and expression for the marginal rate of substitution (MRS x,y ) at any point (x, y). Suppose x = 3 and y = 2, what is the MRS x,y ?
by outsourcing overseas a company can reduce costs but must also take certain risks. global supply chains are exposed
Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,000 units to 1,700 units.
a hotel chain which gives it priority access to 25 percent of its rooms in major tourist destinations throughout the year. The contract encourages the hotel chain to increase the number of rooms in each of these hotels.
Compare the impact on pre-recorded music compact disks and the cabinet maker''s work of an economic expansion that increases consumer incomes by 20 per cent.
provide economic reasoning and draw graphsa suppose the economy is initially in long run equilibrium and the u.s. stock
The point M on the accompanying production possibilities curve depicts the mix of output that is determined by the free market. In your opinion as an economist, where is the socially optimal mix of output Mark this on the PPC as point S
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold? Evaluate the impact of such a price cut on(i) total revenue, (ii)total costs, and (iii)total profits.
Suppose the demand for gizmos is given by the following expression: P=20-5QD +4 I (Income) In this expresiion, P is the price gizmo, quantity is given in millions of units, and I is income.
draw a graph of the value function used in prospect theory. carefully label the graph and explain each part of it and
Quintile 1= 7.2% Quintile 2= 18% Quintile 3= 21% Quintile 4=25% Quintile 5= 29%. The table above shows the income share of each quintile in country X. Is the distribution of income more or less equal than in the U.S.?
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