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suppose natasha currently makes $50,000 per year working as a manager at a cable tv company. In one she will quit her job to start an organic soap company. In the other she will try to develop an internet-based competitor to the local cable company. For the soap making opportunity she anticipates annual revenue of $465,000 and costs for the necessary land, labor and capitol of 395,000 per year. For the internet opportunity she anticipates costs for land labor and capitol of$ 3,250,000 per year as compared to revenues of $3,275,000 per year. Should she quit her current job to become an entrepreneur? If she does not quit her current job which opportunity would she pursue?
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
Explain how might we interpret this statement in terms of cost curves and revenue curves.
List four reasons why analyzing the economy is not as precise as the multiplier model makes it appear.
Explain why is the marginal cost of inputs more important than the average cost of inputs.
Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
Elucidate one or more of the criteria which you believe should be improved at your place of employment.
Write down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves.
Consider a monopolist facing demand curve Q = 100 - P. MC=AC=$20. Find out the monopoly price, profits, and consumer surplus.
How much more output each year will have to be produced in the world
Elucidate the differences in unemployment rates among the United States and Western European countries.
The price of Canadian-grown peaches skyrockets during an unusually cold summer that reduces the size of the peach harvest and Technological improvements in the microchip lead to price reductions for personal computers and an increase in computer sale..
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