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In Savannah, Georgia, the retail gasoline market consists of 8 firms. Firm 1 has 30% of the market, Firms 2 and 3 have 20% each and the remaining firms have 6% each. What is the four-firm market concentration ratio for this industry? SHOW YOUR CALCULATION
"The term investment, as used by economists, refers to the purchase of bonds and shares of stock." "The demand for money does not depend on the interest rate because only bonds earn interest." What is this person’s demand for money when the interest ..
Susan quit her job as a teacher, which paid her $36,000 per year in order to start her own catering business. She spent $12,000 of her savings, which had been earning 10% interest per year, on equipment for her business. She also borrowed $12,000 fro..
Consider an economy with two separate regions: A and B. There are 100 million workers in total who supply their labor in elastically. The demand for labor (in millions) in region A is EA = theta *100 15 wA and in region B it is .EB = theta *100 15 ..
Calculate the present worth of the following geometric gradient series cash flow: Annual interest Rate =8.89 %, Annual cash flow increases 29% each year, The first year value is $52 and the series is 8 yrs long starting at EOY 1.
assume equilibrium price in a perfectly competitive market is $100 and within this market, a typical firms total cost curve is summarised. Find expected profit maximizing output.
Aside from retail sales and marketing, identify and discuss two ways that a business could reduce costs or increase profits by using the Internet or Web applications.
Which of the following is true of Ferdinand VII after his restoration to the Spanish throne in 1814? A He restricted freedoms and abolished the constitution of 1812 B He attempted to restore the Spanish empire in America, constitutional monarch was h..
Consider the following supply and demand functions. Calculate the consumer surplus, producer surplus, and welfare level without the price floor. Calculate the consumer surplus, producer surplus, welfare level and dead weight loss with this price floo..
There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $21,000 per mile to set up. Instructions: Enter your answers as whole numbers. Which is more costly—fencing in the four, one-squa..
We are opening a winter lodge. our market consist of two segments: locals and visitors. to service each customer, there is a MC of $10. marginal cost is equal to average cost. the demand curve for visitors is Q=500- 10 P, and for locals, it is Q=500-..
If Jones sells the equipment today for $180,000 and its tax rate is 35%, what is the after-tax cash flow from selling it.
Have you thought about starting your own business? What opportunities seem attractive? What type of financial resources and personal skills would you need to launch a new business? How would you obtain these financial skills and personal resources?
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