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Q1. Think of a real-life example of a for-profit corporation or small business with which you are familiar. Now, create a document in Microsoft Word which states the modus operandi of your chosen entity.
Next, converse also Explicate the costs, output also incomes associated with such business as well as the relationship between them. Also, address Explain how your business would operate in an "increasing-cost" industry, a "decreasing-cost" industry also a "constant-cost" industry.
Q2. Explicate: Sue is better at cleaning also Bob is better at cooking. It will take fewer hours to eat also clean if Bob specializes in cooking also Sue specializes in cleaning than if they share the household duties evenly.
if Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even
A Los Angeles firm uses a single input to produce a recreational commodity
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front.
Show that these choices are inconsistent with expected utility maximization.
Calculate Anthony his explicit cost for operating his consulting firm for a year?
Graph all three curves. What is the relationship between the marginal-cost curve and the average total cost curve
Limited partnership arrangements alleviate which traditional problem associated with real estate investments.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Now using the information on input prices also MR, Illustrate what is the optimal input combination.
Considering political disposition as an axis of product differentiation does vertical or horizontal differentiation best categorize it.
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