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Serenity, Mac's Firefly-class spaceship, smuggles cattle from one planet to another. On one trip Mac purchased 90 head of cattle at a price of $5,000 for every 30. At his destination, he sells them for $1,000 apiece.
What is Mac's Revenue and Profit?
From your perspective, how would suggest managing resources to limit the effects of the resource curse? If you were to conduct a Cost-Benefit Analysis of an open pit mine, other than accounting costs (construction, labor, operations and maintenance),..
Gross Domestic Product involves a calculation of the total value of the goods and services generated within an economy in a stated or identified time period. The main difference between real GDP and nominal GDP is that nominal GDP does not consider h..
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if custo..
Other channels of monetary policy. Consider this quote:” Monetary policy does not work simply through lowering interest rates. Sometimes it can directly affect particular credit markets in the economy.” Can you give an example of actions that the Fed..
what output level should you operate to maximize profit? What price should you charge? How much will the industry as a whole produce?
Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production.
year on television advertising campaigns, promoting their beer brands. Obviously, if one firm is advertising its brands heavily, the others must also advertise to defend their market shares.
Based on absolute advantage and comparative advantage, explain the effect of global economic conditions on the choices available to that country. Include the current exchange rate of the country's monetary unit.
Using the book called "The Mutual Fund Business" by Robert C. Pozen. What is the difference between alpha and beta risk? Which one can be reduced through diversification? What factors drove the growth of the fund industry from the mid-1980s until the..
The Occupational Safety and Health Administration (OSHA) promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. Analyze the possible employ..
A product that sells today for $100 per unit is expected to escalate in price by 6% in year one, 8% in year two and 10% in year three. Calculate the escalated dollar year three product selling price. If inflation is expected to be 5% in year one, 9% ..
Define uncertainty. What are some of the basic causes of uncertainty in engineering economy studies?
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