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Question: 1:
A taxi driver plans to pick you up at the airport and drop you off at the bank so you can complete some financial transaction before you head home. He notes that the change in vehicle operating cost (VOC) is 42 cents per mile. Given that his fuel consumption per minute is 0.2, what is the approximate price of fuel for this given arrangement if you delayed the driver for 48 minutes at the bank?
Question: 2: The simple interest for buying a passenger transit rail is shown as the product of the principle amount (P), time (in years), and annual rate (R). The City of Phoenix plans to buy five additional mass transit cars for $15 million, and pay off its loan in 10 years. What would the annual percentage rate be if the city plans to make an interest payment of $2 million?
Can you think of reasons why a monopoly might decide on their own to increase production and lower prices to earn an acceptable profit rather than maximize profits?
Economics for the Global Manager
You're reluctant to stop hiring temps all together because you save about 8 percent in total labor costs. What would you recommend doing?
q1 the harold shipman private healthcare clinic ltd specialises in hip knee and shoulder replacement operations that it
Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following p..
Assume the firms compete on quantity (Cournot competition). What is the equilibrium price and total production in the market? How much profit will each firm make?
Does this observation about Japan imply that the economic model does not explain behavior in Japan? Explain.
Does either hospital have a dominant strategy (or any dominated strategy)? Assuming that they determine their strategies independently of one another, what are the hospitals' respective Nash equilibrium strategies? Explain why.
Compare the relative merits of using GNY statistics with those of various basic needs indicators when assessing both the level and the rate of a country's economic development.
1.In what way does specialization reduce the problem of scarcity?
Is there a compromise between purely discretionary policy and adhering to strict targets?
1.Explain the circumstances under which an increase inpensions and child benefit would
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