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Bunglers Furniture makes benches and sells them for £80. Materials and other direct costs are currently £14,000 a year. It has overheads of £8,180 and a wage bill for staff of £32,000. The gross profit per sale is calculated to be £38. Calculate the break even point?
Hubert's Copy Services is in perfect competition. Hubert currently charges 10 cents per page, which is the going market price. He thinks that he can increase his profit by raising the price. Is it possible? Why or why not?
5. (Changes in Aggregate Supply) List three factors that can change the economy's potential output. What is the impact of shifts of the aggregate demand curve on potential output? Illustrate your answer with a diagram.
If the former, when and where was the latest ministerial meeting. If the latter, Elucidate the main features of the agreement.
A monopolist's demand curve is P = 100-Q and the total cost curve is TC = 16 + Q^2. The associated marginal cost curve is MC = 2Q. What is the profit maximizing quantity and price, and what will be the economic profit?
The variable rdintens is expenditures on research and development (R&D) as a percentage of sales. Sales are measured in millions of dollars. The variable profmarg is profits as a percentage of sales. Using the data in RDCHEM.RAW for 32 firms in the..
Gross national product measures the value of ________, while gross domestic product measures the value of ________.
MPS= 40 with no government and no foreign trade a 10 billion dollar increase in investment will enventually result in an increase in consumption or spending and how much?
How do they affect the economy in terms of growth, labor force, and price of labor?
The soccer league in 1 community has 5 teams. You are required to predict, in order, the top 3 teams at the end of the season. Ignoring the possibility of ties, calculate the number of different predictions you could make.
Describe several major antitrust cases in the United States. How do these laws affect (or affected) your work place or products used at your work place.
Elucidate economic influences which can affect the airline industry in a negative way.
Read Incorporating demand-side aspects into regional policy. Discuss how the implications of this article could hold for individual states within the US. How do you see these concepts played out inNew Hampshire?
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