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1. Suppose that the GDP of California increases by 14% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal.
____ Years
2. Suppose that the GDP of Oregon today is exactly twice what it was 37 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal.
____ % each year
Why would a merger reduce costs? Why would a merger increase markups? Why do many mergers fail nonetheless? What information would you like to have to plan advertising spending? Why might banning advertising drive up prices?
Investigate Starbucks Coffee Company commitment to and performance in sustainable business and discuss Starbucks Coffee Company in terms of sustainability, addressing the following:
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
What does it mean to have an imperfectly competitive market. Clarify with examples.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? (HINT: Distribution has nothing to do with how old a movie patron is.) What are the different price points? Using this ..
The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $446. In 2007, Big Oil produced gasoline worth $353 and sold gasoline worth $217. How much did Big Oil add to Mandeville's GDP i..
A firm that has the long-run cost curves shown in the graph above would be able to do or have the following, except:
If the MARR is 8%, what is the equivalent uniform annual cost (EUAC)?
A firm uses labor and capital to produce output according to the production function q=100KL, where L is the number of units of labor used and K is the number of machines. What is the marginal product of labor. What is the marginal product of capital..
If you receive a request for proposal (RFP) on a project for four units, illustrate what is your break-even price.
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