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Question: The director of a nonprofit foundation that sponsors 8-week summer institutes for graduate students analyzed the costs and expected revenues for the next summer institute and recommended that the session be canceled. In her analysis she included a share of the foundation's overhead-the salaries of the director and staff and costs of maintaining the office-to the program. She estimated costs and revenues as follows: Projected revenues (from tuition and fees) $300,000 Projected costs Overhead $ 50,000 Room and board for students $100,000 Costs for faculty and miscellaneous $175,000 Total costs $325,000 What was the error in the director's recommendation?
1. The Winter City Ski Resort caters to both out-of-town skiers and local skiers. The demandfor ski tickets for each market segment is independent of the other market segment. Themarginal cost of servicing a skier of either type is $10. Suppose the d..
Differentiate between Hicksian Compensation and Slutsky's Compensation. State the properties of ordinary demand functions
And we can assume based on the trend from the last 8 quarters that the economy is in expansion and quickly approaching economic equilibrium.
Paste the output. Instead of answering a-c from the text, answer the following questions in their place: What is the correlation (r value) between number of articles published and overall quality of the instructor?Is there a significant correlation ..
Of all the naturally occurring elements in the biosphere, why have the cycles of carbon, nitrogen, and phosphorus been so intensively studied by ecologists?
1) List and briefly explain the factors that cause a shift in the LRAS curve.
Provide some example of a goods that you purchase or market at your workplace to demonstrate why demand curve slopes downwards and why supply curve slopes upwards?
Assume that you are leaving a message in a time capsule to be opened 100 years from now. Formulate a message you leave regarding the economic times of your lifetime and what could have been done to make our economy better.
In 1914, Ford Motor Company doubled its wage to $5 per day, a rate that was considerably above the average wage at that time.In terms of efficiency wages, explain why Ford would have had an incentive to do this.
Present discounted values (I): Compute the present discounted value of the following income streams. Assume the interest rate is 3%.
imagine that you are faced with three alternative projects each of which costs 1000. assuming the discount rate of 15
Sometimes we use math to determine precise cost curves . Other times, we must rely on our economic intuition to determine how various situations will impact our firm's cost curves. For each of the four scenarios below, determine how each event wou..
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