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Ove makes a line of men's hoodeds sweatshirts. The costs associated with the business are as follows: $5/Shirt for raw materials, $2/per zipper per shirt, 1 hour of labour at $15.hr, $500/month rent, monthly sales staff wages of $1000, Trademark licensing costs at $5000 and a only social media of $750. What is OVE's variable if they were to sell 150 units?
If unemployment is high and spending is sluggish, what type of fiscial policy should be enacted? How would this be enacted via taxes? Via government spending? What is the intended effect of this policy on aggregate demand?
Defenders of communist economic systems may point out that consumers pay lower prices for certain goods because the government imposes a limit. Cite at least two other ways which consumers may be paying for these goods
Illustrate what was the marginal cost of the 251st unit of output.
Do you care whether a 15cent tax per gallon of milk is collected from milk producers or from consumers at the? store? ? Why? do not care how the tax is applied because the? after-tax price will be the same.
Describe a potential capital expenditure project from the industry in which you now work or an industry in which you are interested. What is the project? Describe and provide an approximate value of the initial cash flow. Describe and provide an appr..
Assume that the demand for surfboards in a given town is P = 100-4Q and the supply for surfboards in that same town is given by P = Q. What is the equilibrium price and quantity of surfboards sold in this town? Now assume that the EPA has found that ..
What is profit-maximizing level of hiring for firm. How is it determined. What is equilibrium quantity of labour hired in market. Does it make sense given number of firms.
Find the probability that the percentage of successes is less than 0.36. The probability is?
Consider a monopolist facing an uncertain inverse demand curve p = a - bq + ?. When setting its price or quantity the monopolist does not know ? but knows that
Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. If the price of corn feed is $4 and the price of soybean feed is $5, what is the cost minimizing feed combination producing P ..
Your broker offers to sell for $1,085 a AAA-rated bond with a coupon rate of 5 percent and a maturity of seven years.
A retired junk yard operator, Edsel Studebaker, recently died and left his entire fortune of $12,300,000 to a trust to establish a junk car museum. The trustees must decide how to spend it. Land can be purchased for $180,000 now. how many cars should..
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