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What are the sources of inflation? How would you illustrate them graphically? with references if possible.
If the marginal cost is a constant of 6, would that mean it is an economy of scale or diseconomy? My first thought was that it would be a diseconomy since I thought MC needed to approach zero for very large quantitities.
apply a rational decision making process model
Dallas-based southwest airlines recently announced a 10-year contract that gives pilots a greater opportunity to share in the profits of the airline.
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
Compared to an open economy without a tariff, the amount of imported sugar will drop from _____ tons to _____ tons after the tariff is imposed.
You have just purchased a house for $400,000, paid $24,000 for legal fees and $17,000 for renovations. The market price of the house does not change. If the sales tax on a house were 3% (to be paid by you if you sell the house), what is the sunk cost..
Saint and Lewis Investment Management (SLIM) Inc. is considering purchasing bonds to be issued by Caterpilar Inc. The bonds have a face value of $10,000 and a coupon rate of 6%. The bonds will mature 10 years after they are issued. The issue price is..
With an interest rate of 10 percent this person uses $100 current income along with an $80 bank loan to finance $60 of education. Explain how this individual should respond if interest rate increases. Discuss income and substitution effects.
Quality Motors is a Japanese-owned company that produces automobiles; all of its automobiles are produced in American plants. In 2012, Quality Motors produced $20 million worth of automobiles, with $12 million in sales to Americans, $6 million in sal..
You are tasked to develop a database design for a retail company that involves shipping orders to customers. Order data includes an order date, a ship date, and one or more items on each order should be identified by a unique ID.
One tractor to be considered is a Montana. It has an initial cost of $34,000 and an annual maintenance of 175 with a salvage value of $12,000. It's useful life in years is 18. What is the value/cost closest to the annual worth of the Montana tractor ..
Using the supply and demand equations below, calculate the impact of a proposed $20.00 tariff. What will be the loss in government revenue? What will be the increase in consumer surplus? What will be the increase in overall wealth for the country?
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