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Last chance Gaming manufactures slot machines that are sold to individuals for $575 each. Fixed operating costs are $690,000, and each machines variable cost is 70 percent of its selling price. What is the firms degree of operating leverage at sales equal to (a) 6,000 machines, (b) 9,000 machines, and (c) 12,000 machines?
Consider the following bet: A 50% chance of winning $0, a 40% chance of winning $10, and a 10% chance of winning $100. What is the expected value of this bet? What is the variance of the bet? If a ticket for this bet cost $15, would a risk averse per..
What do you think Indonesia's best interests were served by limiting Cemex's FDI in the country.
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
Experience does not necessarily have to be work experience. Discuss market equilibrating process in relation to your experience. One of early economic "laws" was called Say's Law which stated that supply creates its own demand.
A small engineering consulting company has taxable income that places it in the 34% federal income tax bracket and the 10% state incremental tax rate. The company can earn an extra $33,000 on a small job at the end of the tax year. What will be the c..
What does this suggests about the team's belief concerning the income elasticity of demand for tickets?
List three approaches to measuring GDP, explain how they work, and why they give the same answer, if there is no measurement error.
Illustrate the effects of the following events on the dollar-peso exchange rate, i.e., the value of one peso in terms of dollars. label the axes and explain how you arrived at your answer. (Hint: the x-axis should be labeled “pesos” and the y-axis la..
Rate of Return - A stock selling today for $40 per share. At the end of the year, it pays a dividend of $2 per share and sells for $44
Consider a case of small open economy. In this economy, there is an IT revolution, and as a result the productivity of the economy has gone up. What will be the eject of this productivity increase on interest rate and net export in this economy? What..
to be successful leaders in the global business world of the 21st century managers must consider economic trends
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