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Q. A small refrigeration shop stocks up on electric motors from a catalog supplier located in Midwest. Price of motors varies depending on quantity purchased; price breaks are shown in table. Refrigeration shop knows it will need around 600 motors for coming season and that it will cost m about $40 to place an order. Storage cost for motors is $10 each. In previous years y have bought all 600 at once and y are considering doing this again. What order quantity would you advise and how much can y save using your recommendation instead of their one order per year strategy?
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Despite being globally branded, Unilever still tweaked the Dove campaign from country to country. Elucidate why did it do this. What does this tell you about national differences in consumer behavior.
The production process requires labor and capital as inputs. Labor costs $6 per labor hour and capital costs $12 per machine hour.
Assume you and your roommate have started a bagel deliver service on campus. List out some of your fixed costs and discuss why they are fixed.
Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.
If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run Illustrate what will happen to aggregate demand, the price level, and real GDP in the U.S..
Using the specific-factors model, elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
Economists oppose limiting economic growth possibilities because such limits would inevitably involve
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Using human capital theory elucidate what these dangers are. While there may be good reasons for heavily subsidizing university education, there are also some dangers in it.
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