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Assume, after graduation, you take a job in a company in Chile that manufactures faux leather shoes. One day, your boss comes in and says, "this company is not operating at a profit and so we can minimize our losses by closing up shop." Yikes! You didn't think you'd lose your job that quickly. Your boss continues talking and states that the company is having to pay 300,000 pesos a month for rent, interest on debt, and other non-avoidable costs. He also says that it costs 150,000 pesos a month just to pay you and all the other workers, including paying for the raw materials, to produce the shoes. He states that at current production of 5000 boxes of shoes a month, the company can only expect to get 40 pesos per box of shoes.
A. IN THE SHORT RUN -- would you agree with your boss that the company should close up shop? Why or why not?B. IN THE LONG RUN -- would you agree with your boss that the company should close up shop? Why or why not?
Please present your arguments and what you would do if you were the boss.
Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.
An industry has 20 companies and a concentration ratio of 30 percent. If you were in this industry and there was an increased demand for the product that pushed up price of the goods,
Determine the official measure of the deficit
The American Baker's Association reports that yearly sales of bakery goods last year rose 15%, driven by a 50% increase in the demand for bran muffins
Now that many businesses have upgraded to an online platform, are paper catalogs a thing of the last? Let's look at this from both sides of the table, both the customers and the manager.
The hourly wage rate is $6, hourly rentail rate for capital is $8. The production function I found to be q=10K^.5L^.5 The captital if fixed at 225 hours in the short-run.
Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.
Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.
Determine what will the sustainability movement look like over next twenty years? What issues do you expect to take center stage? How will business respond?
Coca-Cola and PepsiCo are leading competitors in market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in lemon lime soft drink market and ranks fourth among all soft drinks worldwide.
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
Say there is a natural disaster which wipes out all of tomato plantation of one country. so there is a drastic increase in the price say from $6 to $15 a kilo
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