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Describe various opportunity costs of attending a four-year college (assuming a full-time schedule). Given these opportunity costs, why do people choose a four-year college experience? In your own life, what are the trade-offs you face when choosing online classes versus traditional face-to-face classes?
The market for sports performance drinks experienced a big shift in 2012 as sales of low-calorie sports drinks grew by over 25%. Many attributed this shift to greater use by women who wanted a sports drink without many calories.
Prepare Cannon Company's statement of cash flows for the year ending December 31, 2015 using the indirect method.Explain how the indirect statement of cash flows that you prepared would differ under IFRS rules. Assume this is a non financial entity.
Evaluate the importance of gold as an international asset. Discuss the historical importance of gold as an international reserve asset, including the functions it fulfilled. Finally, discuss whether the United States should return to the gold stan..
Two firms constitute the entire doghouse industry. One has the long-run cost function c1(y) = 3 + (4y^2)/3 for y > 0 and c1(0) = 0, and the other has the long-run cost function c2(y) = 10 + (y^2)/10 for y > 0 and c2(0) = 0. If no new firms can enter ..
Suppose you are given the following Total Product Function: ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Find the Marginal products of capital, labor, and ma..
"Looking ahead to next year, the future looks very bleak indeed." The speaker was Sonia Rice, president of Consumer Goods, Inc. "Revenues are projected to be down by 7.3% and our costs (especially fuel and raw materials) are increasing monthly. What ..
When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
When prices are (p1, p2) = (1, 2) a consumer demands (x1, x2) = (1, 2), and when prices are (p1, p2) = (2, 1) the consumer demands (x1, x2) = (2, 1). Is this behavior consistent with the model of maximizing behavior?
Illustrate what economic cost will an owner of a family-run business or farm likely overlook when computing their "profits".
Having worked for many of the firms in the petroleum industry, you know that the price elasticity of demand for a representative firm is about −1.25. An industry publication recently reported that the Rothschild index for the petroleum industry is es..
What profits are being made. What type of profit is this normal or abnormal. What is the cost per passenger carried(as opposed to the cost per vehicle kilometre)
Given that the own-price elasticity of demand for shirts is -0.5, if the price of shirts decreases by 10%, what will happen to the quantity demanded of shirts?
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