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Your firm received an RFP (request for proposal) on a wire harness from GM with fixed costs of $1 million and MC of $1 with expected sales of 1 million units. What is the break-even price?
Suppose that the market demand for wholesale coffee beans is given by P = 1200 - 2Q. Suppose that there are 10 identical firms, each with MC = lOq, determine the market supply. Using the market supply solved for in (a), determine the equilibrium pric..
For each of the following statements, answer “agree” or “disagree,” and provide justification. “Omitting a relevant variable from a regression model generally causes bias in the OLS estimators.”
The more bank capital the bank holds on its balance sheet, the better off are its equity holders. Is this true, false or uncertain? Explain
Given the information below, create the fully labeled Crow's Foot ERD using a specialization hierarchy where appropriate (use Visio). The ERD must contain all primary keys, foreign keys, and main attributes. Business rules are defined as follows:
What influence do consumers have on market structures? What influence do producers have?
Suppose that expectation of reducing housing values cause households to decrease their demand for new houses and the financing that accompanies it.
Suppose you are asked to do a market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after the Spring floods or New Orleans after Hurricane Katrina. Other than building supplies (which is too easy :), cho..
A monopolist sells a single product on a market where inverse demand for the output Q, is p=500-Q, where p is price. The monopolist has a marginal (and average) cost of production of 40 per unit. The monopolist charges its profit maximizing price. Wh..
A friend tells you that you should never be a patient in a teaching hospital because the death rate among patients in teaching hospitals is higher than in other hospitals. Write down a regression equation where the dependent variable is the death rat..
Analyze the external benefits to society and their efficient delivery:
If you were an outside adviser to Fed Chair Jerome Powell what advice would you give to him and why?
Fine the total number of yards of cable that will be required.
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