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Bill plans to open an independent cell phone retailer. He has found a good supplier that will sell him basic cell phones for $45 each. Because of his location and marketing, he expects to sell 400 cell phones a month, on average. The fixed costs for his store are $4,000 per month. What is the minimum price for which he can sell the cell phones in order to breakeven?
Please solve with excel only.
A family that won a $100,000 prize on America’s Funniest Home Videos decided to put one-half of the money in a college fun for their child who was responsible for the prize. If the fund earned interest at 6% per year, how much was in the account 14 y..
What would you say to someone who says a lack of leadership is the central factor in Africa's continued poverty compared to the rest of the world?
What criticisms have been made of these approaches to global business? What are the strengths and weaknesses of these arguments?
If Maeki asserts a legal claim, he will face additional decisions in trying to resolve the dispute. Here are some of the relevant costs and benefits:
Suppose you are an analyst working for the fixed income division of an investment bank. The goal of your department is to realize capital gain (besides interest
A monopoly faces the following demand curve: Q(P) = 7,084 -77P Its total cost function is: C(Q) = $9948 + $56Q Calculate the profit maximizing quantity
The market supply curve slopes upward because:
Assume there is an increase in autonomous investments of $100 billion. Will the effects on the level of equilibrium real GDP be greater with a relatively high or relatively low marginal propensity to consume? Explain.
From Strategy A if the second firm reacts with strategy D. On the other hand, firm 1 may follow strategy B which could return profits of $8mil. Or $9mil. If firm 2 reacts with strategy C or D respectively.
How much money will the company give the lender at the end of the year?
You are standing in line. Think about what you would be doing if you are not in this line. The alternatives are infinite and computing the cost of them all is impossible. Discuss the opportunity costs of natural disasters. Calculate (in $$$) your opp..
Suppose the inverse demand for coal is estimated to be P = 75 - 0.6Q, whereP is the price of coal and Q is the quantity demanded. The supply of coal is given by P = 0.3Q. Graph inverse demand and inverse supply. Calculate and show graphically the pri..
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