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Past successes in economic development depending heavily on manufacturing. With the information revolution and the emphasis on service, is this still true? What does India tell us about this? What advantages does India have over other countries?
At a recent board meeting, the president and CEO got into a heated argument about whether to shut down the firms plant in Jackson. The Jackson plant current loses $60,000 monthly. should the jackon plant be closed or continue to operate at a loss in ..
The following represents demand for widgets: QD=680-9P+0.006M-4PR, where P is the price of widgets, M is income and PR is the price of a related good, the wodget. Supply of the widgets is determined by Qs=30+3P.
What is the Law of Diminishing Returns. Discuss a company's two short run options: 1. stay open or 2. shut down.
RC Cola is considering marketing a new, fruit flavored soft drink. It hires Mark-D Design to develop the can logo and design. RC calculates that a good design raises can sales and is worth $.75 million to them. Ex-ante, what is Mark-D’s expected prof..
A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10. In order to maximize profit (minimize loss), the firm should
An old 100-MW power plant has a heat rate of 13 000 Btu/kWh and burns a fuel that costs 2.90 $/MBtu. The owner of the plant estimates the fixed cost of keeping the plant available at $360 000 per year. What is the minimum price that would justify kee..
Explain with an example how the law may permit something that is ethically wrong. Samuel and his friends form an LLC. Samuel, through an agreement, promises to contribute personal property to the LLC within a year of the LLC's operation.
Suppose that, over a 564 day period, Mike Inc.'s stock price experienced (negative) Log Returns of -14%. Convert the Log Return into a Standard Return. What would the annualized Standard Return be?
You borrowed $20,000 at a rate of 12% compounded monthly. It will be paid back in 60 equal payments over the next 5 years. Immediately after your 30th payment, you decide to pay off the balance. How much do you have to pay?
Based on your research, what factors influence the prediction of future inflation rates? Contrast the relationship between the Fisher effect and interest rates, taking into account the rationale behind why the Fisher effect uses either primarily shor..
In the lectures videos, we identified three tasks any collusive arrangement or cartel would need to accomplish if they were going to be successful in raising price above the competitive level for an extended period of time.
Johnny is an impoverished college student who works at a bakery full time while attending school. After spending money on rent, tuition, and books, he only has $80/month left over to spend on food. The good thing about his job is that he gets to take..
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