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The Budget
In the late 1990s, the federal Minister of Finance announced that expenditures would rise, yet he still predicted that the budget surplus would increase. How is it possible that in the face of rising expenditures, the budget surplus may increase? Under which conditions might this happen and what is the likelihood that rising expenditures will contribute to rising deficits?
A large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $75,000 and have a $20,000 market (salvage) value at the end of its five-year life. A new system with..
Controlling Costs goes beyond cutting expenses. Good companies emphasize continuous reviews of processes and procedures to do things differently, better and more efficiently. One example of this is preventative maintenance -- regular maintenance prev..
Describe specific qualitative methods and tools that could be used within your discipline to gather data. Include your rationale.
Assume the short-run aggregate supply curve can be expressed algebraically as: Y = 4,500 + 3,000π and the dynamic aggregate demand curve can be written as: Y = 5,000 – 1,000π. Find the numerical value for the short-run inflation rate? Find the numeri..
It takes a phlebotomist 10 minutes to complete a blood draw. The supplies for each draw cost $5 and the phlebotomist earn$25 per hour. the phlebotomy lab is designed to accommodate 24000 draws per year. its rent is 100,000 per year. what are the aver..
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 3 cents. If your firm is interested in minimizing average total costs, what should your firm do?
You buy a 3-year, 10% coupon bond with face value $1000 today. The market interest rate currently is 10% also. What is the market price of the bond today?
The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive the o..
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
Suppose that the demand function for crab cakes is equal to Qd = 200P^(-1). Using calculus calculate the price elasticity of demand when P = $20. Is demand for crab cakes elastic, unit-elastic, or inelastic? Briefly explain
You are involved in the recruitment process to hire a receptionist for your organisation. Why might it be necessary to develop and use appropriate person and position descriptors when doing this? (200 words)
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