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Suppose the total cost of producing 10,000 tennis balls is $30,000 and the fixed cost is $10,000
Assuming that the cost cures have the usual shape, is the dollar difference between the average total cost and the average variable cost greater when the output is 10,000 tennis balls or when the output is 30,000 tennis balls explain.
Suppose the U.S. economy finds itself in a recession after a recent financial crisis and series of unfortunate international events. If the Federal Reserve wants to stabilize the economy, what should it do? Decrease the money supply to increase inter..
Machine A was purchased last year for $20,000 and had an estimated MV of $2,000 at the end of its six-year life. Annual operating costs are $2,000. The machine will perform satisfactorily over the next five years. A salesman for another company is of..
You have just been hired by SecuriDoor Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company’s costing system and “do what you can to help us get better control of our man..
Suppose that the price of good x is $30 and the pice of good y is $30 and a bypothetical consumer has $600 to spend per period on goods x and y. what is her marginal rate of substitute.
Illustrate what is the value of gross private domestic investment. Illustrate what is the value of net investment.
Suppose the United States were to suddenly halt all trade with other countries. How would such an act affect your life and the lives of other Americans? How would such an act affect the Real GDP in the United States? Who benefits from trade barriers?
What are macroeconomic factors and are they useful for economic forecasting? What are economic indicators? Are any of them useful for forecasting economic growth?
Discuss the effects of HIV/AIDS on the economies of african countries. Making sure to discuss the sources of economic growth and the use of scarce resources.
Springfield Medical Associates, LLP, which has 10 doctor-partners, is engaged in the practice of medicine. One of the doctors, Teresa, is supposed to mentor a new doctor, Dan, but has been so busy she has been unable to do so. Dan recently committed ..
At what point in the development cycle is venture capital usually available, and what must a business demonstrate to be considered for cash infusions by venture capitalists?
Start by drawing the Short-Run Aggregate Supply and Aggregate Demand diagram with short-run equilibrium at Price Level = 165 and real GDP = 2750. Next, the following shock hits the economy: There is a sudden rise in household wealth as the stock mark..
If labor costs rise you may consider substituting capital input for labor input. What factors do you need to consider when making this substitution?
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