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Question: Suppose a firm is able to sell their product for a price of $2. You have the following information on the firm's output and cost. Output 300 Implicit Costs $90 Explicit Costs $300 Instructions: For both questions, enter amounts as a whole number. If the firm is earning a loss indicate with a negative sign (-).
Question 1: What is the firm's accounting profit? $
Question 2: What is the firm's economic profit? $
What problem was the company facing? What management, organization, and technology factors contributed to the problem? What was the business impact of this prob
Describe how government intervention can improve market outcomes where inefficiencies exist.
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Calculate gain or loss on disposal. Gain should be entered as a positive number. Loss should be entered as a negative number.
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Discuss in general terms how the introduction of amazon robotics/AI can create new industries and profoundly change existing ones.
How might the economists or legislators come to the conclusion that there is no unemployment problem? What data or evidence would seem to support this position?
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A county is considering using a piece of park land for one of two alternative recreation projects. Project A would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years. If these figures are i..
Since Uber has entered the transportation market, taxi services have declined significantly. Using economic terms, explain why might that be the case
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