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Apple Inc. has made a rare fashion miscalculation: they have produced 8,000 neon green iPods, but have sold almost none. An iPod (of any color) costs $125 to manufacture, and sells for a price of $199. Apple is considering two courses of action. Apple could sell the iPods to a children's hospital, which would like to provide them to children to use while they are staying in the hospital. Alternatively, Apple could disassemble the neon green iPods, discard the cases, and reuse some of the parts to make iPods of more popular colors. The parts that are reusable would otherwise cost Apple $60 to acquire. However, it costs $20 worth of labor to disassemble the neon green iPods in order to extract the reusable parts. What is the lowest price at which Apple should be willing to sell the iPods to the hospital?
You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows.
A growing economy means that the economy is producing more and more "stuff", either because it has more resources (workers), or uses those resources more productively (smarter, better workers, working with better machines and systems).
q. consider a production possibilities curve for the u.s. that puts capital goods on the vertical axis and consumer
Explain how the break-even quantities and operating leverages are affected by the relationships between fixed and variable costs.
the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference
If the government imposes a price floor at $9 (i.e., price must be $9 or higher) in the above market, how many goods will be traded?
1. suppose a perfectly competitive firm is faced with the following relationship between total cost and the quantity of
question 1. suppose you are working as a consultant for a perfectly competitive firm that is worried about its policies
Describe the factors that may cause economies and diseconomies of scale. Give an example of each. Describe the economic concept of the law of diminishing marginal returns. Please give an example. Why is this important?
Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen t..
the article must be representative of the economic issues represented by the topics or focus. the article review must
1. the production possibilities schedule showsa. the resources available to the economy.b. the maximum combinations of
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