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If you were to start your own business as an entrepreneur, what would that business be? How would you utilize the four factors of production (human labor, natural resources, capital resources, production)? What type of business organization would you choose (sole proprietorship, partnership, or corporation)? Please explain your choices!
A certain cell phone sells for 2400 yuan in China and for $300 in the U.S. The nominal exchange rate is 6.5 yuan per dollar. Find the real exchange rate. Show your work. In terms of dollars where is the cell phone cheaper?
Suppose that Congress is successful in passing a large tax increase that actually be enacted this year. Using three separate aggregate supply and aggregate demand graphs,
Please compare the concepts of "the law of diminishing returns" and "decreasing returns to scale".
Right now RAID 5 is arguably the most popular level used in the business environment. However, there is a push from some sectors to move to RAID 6. Is this a valid position? What are the pros and cons of moving to RAID 6 versus staying with RAID 5..
What are the millennium development goals? How much success has been achieved in relation to the goal of cutting poverty in half?
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations.
Why the organization would go through the trouble of hypothesis testing in this situation. Support your discussion with relevant examples
January $40,000, February $30,000, and March $50,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 80% of direct labor cost.
Assume that you only speak Spanish. Your coworker an English only speaker, is asked to help you build a road. Can you see any potential issues?
(1) Use demand and supply analysis to illustrate the impact on the equilibrium price and quantity in the corn market of the following.
Suppose there are two goods: fancy dates and casual dates. Ignoring the specific numbers above, draw the utility maximization problem for a person choosing a combination of the two goods. Think both about what your budget constraint should look like ..
In one well-developed paragraph, explain why specialization is important in the operation of a market.
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