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A device is available that will reduced the annual labor cost by $8,000 the first year. The equipment is expected to last for 10 years. Labor is expected to increase by 5% and the interest rate is 10%. What is the maximum amount you could spend on the device?
Is the equilibrium price higher or lower, or is the change indeterminate. Is the equilibrium quantity higher or lower, or is the change indeterminate.
A market system (market economy) depends on the market to, find the most efficient way of using resources. determine how large the budget deficit should be. decide how much government regulation there should be.
Anthony Antunicci, a Massachusetts lawyer, has tired of the long, cold New England winters. He recently spent three months in Florida where he took a Florida bar review course which enabled him to successfully pass the Florida bar exam. Can Anthony d..
The first array has been initialized to 100 English words and the second has been initialized to the corresponding Latin equivalents.
Suppose that a cost minimizing firm with two inputs, capital K and labour L recently increased the quantity of each inputs by 10%.
Consider firms in industries you are familiar with. Are firms in such industries price takers or price-setters? How much control do they have over the prices they charge? (150 words)
Now you will shift your focus on the pros and cons of different forms of doing business. Rory has asked you to recommend the business entity you believe will best fit her needs and preferences. In 3-5 pages address the following:
In 2002, a well known conglomerate that produces a multitude of noncompeting customer products instituted a corporate wide initiative to encourage the managers of its many divisions to share consumer demographic info.
How elastic/inelastic is the demand for Netflix services at the time of the price change? Do you think that their plan to increase prices was a good idea? How has Netflix fared since this decision to increase prices?
If the production of health care generated positive externalities, the welfare costs of moral hazard would be smaller than suggested by M. Pauly's analysis. Explain.
q1. the third largest city of a country has a population of 12.5 million. using the ranksize rule what is the
A restaurant sells an average of 120 dinners a night at a price of $8. The restaurant manager believes that the elasticity of demand at this price is equal to -.8. Use this information to calculate a linear demand curve for the restaurant.
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