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You have opened your own word-processing service. You bought a personal computer, and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You could sell any used machine for $1,000. If you were not word processing, you could earn $20,000 per year at an alternative job. Assume that the interest rate is 10%. You can also hire an assistant who can do everything that you can do for $20,000 per year (you would still continue to do word processing).
One person using one computer can produce 11,000 typed pages per year, and the price per page for your service is $2.
You are considering three options: (1) expand your business by hiring an assistant. (2) leave your business the way it is (3) shut down. Based on the costs and revenues above, which should you do? Explain and show any relevant calculations.
Illustrate what is the minimum number of words per minute a student would have to read in order to get the award
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Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
Explain is any outcome generated by a Nash equilibrium not generated by any subgame perfect equilibrium.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
Elucidate how you arrived at your answer and be sure to show all your calculations. Explain how many units of output will the firm produce at a price of $100 per unit
Explain how could ABC use interest rate swaps to reduce the exposure of its cost of debt to interest rate movements.
The accompanying table also graph elucidate how Samantha's preferences for consumption bundles composed of chocolate kisses also licorice drops.
The trade or business of manufacturing dolls and accessories
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