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Question :Read the article "What''s Behind the Bottle Price" and answer the questions below:
a) How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?
b) If a firm was to find a new technology that cut the required ageing time in half, how would it affect the demand for other inputs?
file:///Users/chenzhuohao/Downloads/Whats-Behind-the-Bottle-Price.pdf article links
Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following 1 loan balances and APRs: Card 1, $4,500, 19%; Card 2, $5,700, 23%; and Card 3, $3,200, 15%. Interest..
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Plot the supply and demand curves on a plot with "Quantity of houses" on the horizontal axis, and "Price of houses" on the vertical axis.
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What would happen to the equilibrium price and quantity of lattes if the cost to produce steamed milk, which is used to make lattes, increased, and scientitsts discovered that lattes cause heart attacks
1) Assume a competitive market has firms earning large economic profits. What is expected to happen over time in this competitive market and to firm's profits?2) What are the pros and cons of a competitive market in the long run?
Jim is offered an investment opportunity with the “guarantee” that his investment will quadruple in 12 years. Assuming quarterly compounding, what is the nominal interest rate Jim is getting on this investment?
question 1in some ways monitoring is easier in a partnership than a corporation where shareholders monitor directors.
In November 2012, McDonald's Corp. reported the first decrease in monthly same-store sales in nine years.1 The com- pany had already reported declines in second and third quarter earnings, but the decline in sales was larger than expected with a decr..
Suppose that the firm uses three inputs to produce its output: capital K, labor, L and materials, M. The firm’s production function is given by Q = K^ (1/3) * L ^ (1/3) * M ^ (1/3).
roberts new way vacuum cleaner company is a newly started small business that produces vacuum cleaners and belongs to a
What is the equilibrium quantity in this market and what is the equilibrium price in this market and what are the resulting output, revenue, cost, and profit of the typical firm?
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