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George's T-Shirt Shop produces 6,000 custom printed T-shirts per month. George's fixed costs are $12,000 per month. The marginal cost per T-shirt is a constant $5. What is his break-even price?
What would be George's break-even price if he were to sell 40% more shirts?
Illustrate the effect of captial formation by comparing the production possibilty curves, at the present time and ten years in the future, for two economies.
Summarize the key product/service offered by Nike, including the role of the customer service department or direct service required to make a sale to the customer. Analyze at least three possible contact point failures in the service delivery process..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. At a price o..
All around the world, governments to varying degree subsidize education and healthcare. What economic concept justifies these policies? In a short paragraph discuss and use an economic model to show the impact of subsidies on market for education.
What is represented in the price of a good or service?
Suppose the current administration decides to decrease government expenditures as a means to cut the existing government budget deficit. Using a graph of aggregate demand and supply, show what the effect would be in the short run. Describe the effect..
Discuss the differences between relative and absolute poverty. Reference specifically how we can measure these two kinds of poverty.
A hospital anticipates that spending $100,000 on an advertising campaign will increase bed days by 1,000. The marketing department anticipates that each additional bed day will yield $2,000 in additional revenue and will increase costs by $1,200. Sho..
During a recession the manager for Best Buys wants to increase sales volumes of both flat screen TVs and DVD players to help that department
What can you say about the Price Elasticity of Demand for the product 'Amazon Kindle'? Do you think the demand for this product is elastic or inelastic? Why?
Consider two possible tax schemes on natural resources. One levies fixed fee per production amount (for example, per barrel for oil and per tones for iron ore)
A nation with a large current account deficit is consuming more than it produces or living beyond its means. Is this necessary bad? What is your judgment for the United States?
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