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Suppose you own a small business. You are facing a significant amount of loss. What are the best ways of increasing your revenue and reducing your cost in the short run. Assume you are in highly competitive market.
Using the circular flow model, explain the flow of money and goods in an economy. How the economy coordinates society's independent economic actors. A country's gross domestic product (GDP) and how it is defined and calculated
In attachment 3 two possible explanations for the higher price of pork are proposed. Suppose you have data on the market equilibrium price and the total quantity traded of pork over time. Using this data would it be possible to distinguish between..
Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.
Estimate the opportunity cost of taking this class. Include direct expenditures such as tuition, books, and supplies, as well as indirect expenditures such as the value of the time spent in class. Don't forget to include the opportunity cost of time ..
Assume that a country’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely? What problems might it face in the future?
consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
In the fall, Jay Thompson decided to live in a university dormitory. He signed a dorm contract under which he was obligated to pay the room rent for the full.
Describe the relationship between price, short-run marginal cost, long- run average cost and short-run average cost in the final long-run competitive equilibrium condition. What are economic profits in this long-run equilibrium condition?
Our company must replace an obsolete machine press. We have two bids that are summarized below. Both of the presses fall into the MACRS 5 year property classification. Our company uses an after tax MARR of 12% and MACRS depreciation. Our company fall..
Does this production function exhibit constant, increasing, or decreasing returns to scale and find the marginal product of each factor and the marginal rate of technical substitution.
imagine that you work for the maker of a leading brand of low-calorie microwavable food that estimates the following
Under what conditions would you expect the recent rapid growth rates in the Indian subcontinent and south Asia to continue, and under what conditions.
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