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What are the obligations or debts that a business must pay in cash or in goods and services at some future time because of past transactions or events called and how are they reported?
1. Dividends on the statement of retained earnings
2. Liabilities on the balance sheet
3. Stockholders' equity on the balance sheet
4. Assets on the balance sheet
Assume a monopolist sells its product or service for the same price to all buyers. Also assume that the monopolist lowers its price to increase unit sales (i.e. output). We know that if the price effect associated with an increase in output exceeds t..
A cappuccino vending machine is designed to dispense an average of μ oz per cup. If the ounces per fill are normally distributed, with a standard deviation of 0.4 oz, what value should μ be set at so 6 oz cups will overflow only 2% of the time?
A Big Mac costs $5 in the U.S. and 7 euros in Germany. If the exchange rate is 0.6 Euros per dollar, is the dollar undervalued or overvalued against the Euro? What would you expect to happen in the currency market? What objection do you have to using..
Assume the market for corn is comprised of many buyers and sellers and resembles perfect competition. The use of corn to make ethanol as an additive to gasoline can lead to an increase in the price of other grain crops (e.g., soybeans). Indicate whet..
Find two articles about a microeconomics problem currently in the news from either a newspaper or news (including business) magazine. Write a short analytical paper that compares/contrasts the problems or issues.
Assume that a monopolist has a demand curve given by P = 1500 - 4Q, and T C = 100 + 5Q2 with MC = 10Q. Calculate the dead weight loss. Calculate the producer surplus
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
Explain how much must government spending increase to eliminate the GDP gap.
What indifference curves and budget constraints to explain how an individual labor supply is affected by qualifying for the TANF program?
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
Which of the following situations is likely to involve moral hazard?
Illustrate what conditions would minimize the extent of manufacturing job loss associated with this price increase.
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