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The MSU football team has 10 games scheduled for next season. The business manager wishes to estimate how much money the team can be expected to have left over after paying the season's expenses, including any postseason "bowl game" expenses. From records for the past season and estimates by informed people, the business manager has assembled the following data
What is the expected net income for the team next season?
According to Banerjee and Duflo, poor people make decisions differently than do those who are not poor. In their view, this is the fundamental obstacle to economic development in poor countries. Do you agree or disagree? Explain your answer.
Choose two real-world companies in different industries, one that you feel faces elastic demand and one that you feel faces inelastic demand. In each case, you are an economist working in the company and you have come to a conclusion of what kind of ..
How did Maynard Keynes propose to address the Great Depression? Did it differ from the Classical views? How does it compare to Monetarism?
An electric motor is rated at 10 horsepower (HP) and costs $800. Its full load efficiency is specified to be 85%. A 10 HP high-efficiency motor has an efficiency of 90%, and costs $1, 200. It is estimated that the motors will operate at a rated 10 HP..
Assume that you have deposited some amount of money last year and the nominal interest rate was 10 percent. After one year, you learn that you have $1,595 in your account. How much money did you deposit initially?
The manager of Dixie Furniture Company estimates that the daily output of her factory (in thousands of dollars) Q is given by Q = 2x^1/4y^3/4 where x is the amount spent on labor and y is the amount spent on capital (both measured in thousands of dol..
United States and China - You have been recently hired by a multinational firm that manufactures airplanes parts. They are interested in investing in a new factory. However, the CEO is unsure of where they should invest. Explain why you selected thos..
The ability of a market to reach an equilibrium may be interrupted and a permanent shortage result when the government intervenes in the market and sets a: When an economist says “economics is the study of scarcity,” she is referring to how a society..
What do these acronyms mean, how are they calculated, and how would a project manager use these in relationship to project schedule and budget?
q1. 1. herzberg concluded that pay was not a motivator. if you were paid to get better grades would you be motivated to
John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3
If the rate of discount is 20 percent Would you rather receive $100 today or $120 in one year? b Would you rather receive $205 today or $240 in one year? c Would you rather receive $500 in one year or $610 in two years?
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