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Question: Until recently Marie worked as an program manager, earning $45,000 annually. Then she opened a Peruvian restaurant downtown. At the end of the first year, her books showed total revenues of $200,000 and total costs $130,000 for food, utilities, labor, and other supplies. What is Marie's profit from the first year of operation?
What are the marginal rates of substitution for each person and what is the formula for the contract curve and draw an Edgeworth box, labeling carefully, and indicate the contract curve.
These multiple choice questions belong to Economics. The first question is about upward sloping marginal cost curve and the second question is about diminishing returns occurring in the short run.
Write the equation for Maria's budget constraint. Let x 5 massages. Let y 5 manicures. Write the equation for her new budget constraint.
the pear computer company just developed a totally revolutionary new personal computer. it estimates that it will
Discuss and apply one change management theory to this case on Ashland. How did they eventually use this process to implement change?
Suppose there are two consumers in a market, Jacob and Maria. You are told the following information about this market. Jacob demands 100 units of the product sold in this market when the price is $10 per unit. From the above information write the..
An experimental composite engine block for an automobile will trim 20 pounds of weight compared with a traditional cast iron engine block. It is estimated that at least $2,500 in life-cycle cost will be saved for every pound of weight reduction over ..
Plain Paper Co. is a paper manufacturer and retailer in a perfectly competitive market. Initially, Plain Paper Co. is a large firm operating at a profit. Draw the initial operating condition for Plain Paper Co. Label the area of profit, draw and mark..
Calculate the present value of his expected earnings for the years 2015-2022 - Explain and show your calculations - What is the present value of his lost expected earnings.
What is total revenue if Knoebel's does not price discriminate? What is the optimal price to charge teenagers and seniors if the Knoebel's does price discriminate? What is total revenue if Knoebel's does price discriminate?
The Medicare Payment Advisory Commission recently voted to suggested to Congress to institute a set of pay for performance incentives for providers serving Medicare patients.
What would total wages paid and business incomes be in each country given employment conditions in (a)? If 20 workers migrate from country Y to country X, what will happen to wage rates, output, business incomes, and total wages?
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