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Oil is shipped from Alaska to California and Florida. It is also shipped from the Persian Gulf to Florida and to Europe, and from the North Sea to Europe. Assume that the world market and the individual markets for oil are competitive and that a terrorism attach damages some oil fields in the Persian Gulf. Explain how this event will affect (Hint: Think about what it means for all the markets to be competitive).
Select 5-innovations associated with Industrial Revolution and five innovations from Technological Revolution. For each innovation, recognize the effects it had on individuals, societies, businesses, and politics.
For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions?
Calculate what would be the minimum annual vehicle use in km/year that would justify the choice of a diesel engine car over the petrol version? Does this correspond to your answer to 4) above?
The Principal can invest in monitoring to improve the precision of the performance measure,according to the monitoring technology
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
If you decide to use $34,000 as your working estimate of marginal costs, what increase in Custom's purchases would be necessary for the proposal not to reduce GM's profits on this account?
Explain how you would modify the data in order to make it relevant to decisions a manager must make. Explain the major factors that affect the degree of competitiveness in your industry.
The Fed's decided to maintain its low interest-rate target in the face of a rightward shift of theAD curve in the late 1960s which led to an inflationary equilibrium. Discuss the short-run and long-run costs and benefits of the Fed's other two op..
Marginal rate of substitution increases as he or she consumes more of a good.C. the law of diminishing marginal utility holds.
John have many ice cream stores located across the nation. John does not like to work evenings and employee Marcy to work the store in the evening for $7.50 each hour.
Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.
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