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Supose we have two alternatives which have same output that is the same benefits. If we apply incremental B/C ratio the result gives 0. Can we assume that it is less than 1 and chose the lower cost alternative?
Explain the process or mechanism underlying how a market-based economic system allocates scares resources. Identify how this process might differ from a centrally planned or command economy.
A 1996 nill reforming the federal goverment's antipoverty programs limited many welfare recipients to only two years of benefits.
Explain how the Environmental Protection Agencys policies impact business in the US.
Industries in which there are only a few sellers of closely identical products a. Are usually perfectly competitive in their price policies since each firm knows that by cutting its price a little, it can capture a significantly larger market shar..
Is it true that in a short run production process, the marginal cost curve eventually slopes upward because firms have to pay workers a higher wage rate as they produce more output?Explain your answer.
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP?
If an owner of a industry wanted to make a trip for non-business use and their lost wages was not tax-deductible.
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
During late December 2008 Company A acquires a small competitor, Company B. During the evaluation of the acquisition it is determined that the customer lists of Company B have a fair value of $50,000. Company A has spent $15,000 during the year up..
A special-purpose machine tool set would cost $30,000. The entire capital expenditure ($30,000) is to be borrowed with the stipulation that it be repaid by two equal end of year payments at 15% compounded annually. The tool is expected to provide ..
Define and describe the difference between the absolute advantage and the comparative advantage.
The opening statement on the Web site of the Organization of Petroleum Exporting Countries says, "OPEC's eleven members are all developing countries whose economies are heavily reliant on oil export revenues. THey therefore seek stable oil prices ..
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