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A firm located in South Dakota exports a product to South Korea, where it sells at a price of 51,042.50 South Korean won. If the firm claims this price just covers its cost, and the exchange rate is $1 US buys 1,201 won, then what is the dollar cost to produce the product?
q1. calculate the total fixed costs total variable costs average fixed costs average variable costs average total costs
Human capital is the. One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulation is not a free lunch. It requires that society. Other things the same, a country that increases i..
Illustrate what are some cultural considerations when managing a global project. How might legal and political implications influence global project selection.
If the European Slump also leads to a slowdown of the other economies that import goods from the United States, the effect could be larger.
In the Classical growth model:
When a TV company chooses a pay-per-view scheme to pay for programming, which of the following is true, false or uncertain? Explain carefully in each case. Most of the marks will be awarded for the clarity of your explanation.
If the margin is greater than the average, what can we say about average and margin? Diminishing marginal returns to labor. What is the general relationship between AVC, ATC, and MC?
Part of a worker’s pay on an automobile assembly line is based on the number of cars in a pay period that come off the worker’s line and pass inspection. The remaining portion of the worker’s pay is an hourly wage that is fixed and only depends on th..
Discuss the impact of trade barriers on the well-being of consumers (purchasing power and consumption), producers, and the labor force in the local economy.
Explain in detail how the monopoly ferry operator in Onus will determine the price she will charge the island residents for ferry service
Mr. and Mrs. Cally are in the process of buying a home for $240,000 and are considering the following home mortgage financing options: What is the expected home's value in 5 years? What is the outstanding loan balance in 5 years for option 1: ? for o..
Changing the mean of a Normal distribution by a moderate amount can greatly change the percent of observations in the tails. In 2002, the scores of men
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