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Question: Toyota Plans to Build a Better Company Toyota will continue to produce 3 million cars per year and will use the balance of its resources to upgrade its workers' skills and create new technology. In three years' time, Toyota plans to produce better cars and be more productive. Source: Financial Post, April 7, 2014
a. What is the opportunuity cost of Toyoto upgrading its workers' skills and creating new technology?
b. Sketch Toyota's PPF and mark its production point in 2014. Now show on your graph Toyota's PPF in 2018.
A person buys a piece of property for $ 3,000. The payment scheme calls for a $ 1,000 down payment now and $ 99.80 monthly payments for 24 months. What are the monthly effective rate, nominal rate, and effective interest rate?
Name a good you consume for which your income elasticity of demand is negative. What happens when your income increases?
The market for hotdogs is characterized by demand Qd=60-2P and supply Qs=4P. Which of the following price ceilings will result in a market shortage?
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Wagner Industries preferred stock has a par value of $50 and a stated dividend rate of 6.0%. This means that Wagner will pay $3.00 (6% x $50) in dividends per share, per year forever. There will never be an increase or decrease in the dividend. Suppo..
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