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Southeastern Oklahoma state university's business program has the facilities and faculty to handle and enrollment of 2100 new students per semester. However in an effort to limit class sizes to a reasonable level under 200 generally, southeastern Dean, Holly Lutze, placed a filling on enrollment of 1600 new students. Although there was ample demand for business courses last semester, conflict in schedules allowed only 1420 new students to take a business courses. The utilization rate for southeastern equals
The Venezuelan bolivar has been steadily depreciating against the US dollar, but the government wishes to stop the depreciation. What must the Banco Central de Venezuela do to stabilize the exchange rate? Is there a limit to how much it can intervene..
Assume a company has $200 in fixed costs, marginal costs are $10, and the company produces 100 units per year. How low can the price go before it is preferred to shut down? Answer the question for the short run and for the long run
Consider an economy with the production function Y = L(1 / 3) a) Derive the Labor demand Curve
Calculate and compare the profit under each flight. Should the airline replace its night flight from Los Angeles with a morning flight?
Why is the concept of elasticity important? What does it tell economists? Tell whether you would classify automobile production as either elastic or inelastic in the short run and long run. (Keep in mind that we are talking here about supply elastici..
Discuss two fiscal policy measures taken by the government that attempted to minimize the recession and provide for economic stabilization when the the economy apparently was heading for recession in 2007.
Because a steep demand curve indicates prices can increase quickly when the quantity demanded rises only a little bit, steep demand curves represent goods that are very elastic. When price controls are implemented, one group wins at the expense of th..
Draw an Edgeworth box with indifference curves through this endowment. At what combinations of X and Y are both better off (i.e., are Pareto Improving)? At what combinations of X and Y are there no more gains from trade (i.e., are Pareto Efficient)?
Which of the following is the BEST example of a pure public good?
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?
You are required to analyse the strategy of a firm of your choice. You need to pick a firm and identify the strategy that the firm uses to compete with its rivals. It is important that you conduct an industrial or environmental analysis, before you u..
Suppose a government has an initial debt of $5 trillion and the nominal rate of interest is 5%. if government keep primary budget in balance, what is the growth rate of its debt? if government keeps its total budget in balance, what s the growth rate..
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