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In dealing with China, what is meant by the “rule of man” and “legality of illegality?” Why are these realities a challenge to U.S. firm doing business in China? Consider both the legal and ethical aspects in your answer.
The Law of Supply suggests that the price-elasticity of supply is: If a 10 percent increase in the price of one good results in no change in the quantity demanded of another good, then it can be concluded that the two goods are: Marginal utility is t..
The initial cost of a pickup truck is $10256 and will have a salvage value of $3800 after five years. Maintenance is estimated to be a uniform gradient amount of $152 per year, with zero dollar for first year maintenance. The operation cost is estima..
Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q. What is the equilibrium price and quantity? Now, suppose an excise tax is imposed on good X such that the new supply equation is P = 4 ..
If the price per visit is given to be $25, at what level of visits will the maximum profit position be? What are the profits at this level? What is the quantity supplied?
q1. in 2011 company xyz had sales of 345620million net operating profit after taxes of 10250 million and employed 62650
Give reasons to elucidate what the government would have to do to keep the unemployment rate at 3 percent.
Which statement is true? The marginal cost curve is used to determine if a firm is operating at peak efficiency. A firm will always try to maximize its total revenue.
There are two general methods that governments use to sell mineral rights to the private sector. One is production royalties where the private firm promises to pay a certain amount (or percentage of revenue) each year for the length of contract.
AZ approved 98 patients for organ transplants, but those patients have been told they can no longer receive transplants because of budget cuts. The state is facing a $1.5 billion budget deficit and has cut all of their state-funded lung transplants a..
Your firm faces considerable revenue uncertainty because you have to negotiate contracts with several customers. You forecast a 20 percent chance that your revenues will be $200,000, a 30 percent chance that your revenues will be $300,000, and a 50 p..
Suppose the economy is at full employment with expected inflation rate 7% and nominal interest rate 11%. Suppose now that the expected inflation rises to 9%. After this change. What is the nominal interest rate? What is the real interest rate?
Assume that a Pfizer has a linear demand curve for Lipitor, a constant marginal cost curve (i.e. the marginal cost is a constant), and is a monopolist in this market.
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