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An entrepreneur trying to find a location for a sporting goods store has decided to use the index of retail saturation as a guide. She knows that Site 1 has a trading area with 42,374 potential customers who spend an average of $87.50 on sporting goods per year. The only competitor in the trading area has 16,000 square feet of selling space. Site 2 has 38,649 potential customers spending an average of $91.25 per year on sporting goods. In this trading area, two competitors occupy 17,100 square feet of space. The index of retail saturation for Site 1 is: a. 182.86 b. 206.24 c. 231.73 d. None of the above.
Suppose that you have homothetic tastes that happen to have the special property that indifference curves on one side of the 45-degree line are mirror images of indifference curves on the other side of the 45-degree line. Suppose that your tastes can..
When considering the decision whether to buy a new press machine for your publishing house, which of the following costs will you NOT consider?
Giving a brief explanation, determine the likely effect of each of the following on the value of GM stock. (Consider each event independent of the others.) The Federal Reserve lowers both the "discount" rate and the Federal Fund rate. The rising unem..
q. throughout history the most popular form of money has been gold.a. give three reasons why gold has been such a
Suppose that TFP and the population of an economy are constant over time and equal to 1. Assume that everyone works and the labor input just equals the population. Assume that the capital stock in 2014 is 1. What is the amount of saving (and, hence, ..
Joe deposited $2206 into an account paying 6% compounded annually. In year 4 he made an additional deposit of $3430, but in year 8 he had to withdraw $630. How much does Joe have in his account in 25 years?
illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit. Explain in words and with graph.
If you invest $300 in a stock, borrowing $240 of the $300 at 10 percent interest, and the stock price rises by 15 percent, what is the return on your investment?
The City of Milwaukee is considering suing the manufacturers of handguns and other firearms, on the basis of a “public nuisance.” “Nuisance” is defined under Wisconsin statutes as “any source of filth or cause of sickness.” Does such a lawsuit have m..
Some finance experts advise consumers not to worry about rising gasoline prices, the cost of which can easily be covered by forgoing one takeout meal a month, but to worry about how high energy prices will affect the rest of the economy. For example,..
What type of UAE companies would like to see higher tariffs and what type would like to seelower or no tariffs? And why is this the case?
q.assume the followingi. the public holds no currency.ii. the ratio of reserves to deposits is 0.1.iii. the demand for
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