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Look at the table Production Possibilities for Machinery and Petroleum. The table shows the number of units of machinery each country would have to forgo in order to produce additional petroleum, assuming constant costs at its current levels of production. Based on the information in the table, it is true that:
A. petroleum costs are the same in the United States and in Mexico.
B. the opportunity cost of petroleum is more in the United States than in Mexico.
C. the opportunity cost of petroleum is less in the United States than in Mexico.
D. machinery costs are the same in the United States and in Mexico.
A person signs an agreement to offer personal services over a period of five years. The company that hires him, offered to pay him an advance of $30,000 for his professional services at the moment of signing the contract and five additional payments ..
What are the basic issues involved in recruiting and selecting managers for foreign assignments? Why is performance appraisal important for international firms? How does international HRM for non-managerial employees differ from that for managerial e..
Low switching costs and the availability of many subs+tutes for Tropicana Orange Juice indicates what in a Porters analysis? a. Power of buyers is high b. Power of suppliers is high c. Power of suppliers is low d. Power of buyers is low
There are three retirement plans under development. Each plan has a 6% compounded monthly and you cannot take a withdrawal until year 20. One plan requires a payment of X/year for the next 10 years. The other requires a payment of Y each year from ye..
What are the implications of this statement, “Inflation is a serious problem that should be avoided at all costs.” Is knowing this information important in the world of business?
Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. Each retailer pays w to the manufacturer and charges p for each unit it..
In the United States, monopoly regulation began primarily because:
The distinction between efficiency and equality can be described as follows:
Florida is considering construction of a flood control dike having a life span of 16 years. The investment require is $60,00 and annual maintenance costs of $5,000. The project will provide no benefits for the first two years but will save $24,000 pe..
What is likely to be the effect on the current exchange rate if the interest rate on the 60 day pound denominated bonds declines to 8 percent, and the dollar interest rate and the expected exchange rate are unchanged?
At what quantity is AVC minimized Suppose this firm sells 3500 units per month at a price of $4000.00 each and has fixed costs of $10,000 per month. What is the firm’s monthly profit? Suppose this firm operates in a perfectly competitive market. Is i..
John Johnson and Kevin Murphy own and operate a van conversion operation for the major auto companies. Johnson and Murphy has fixed capital and labor expenses of $1.2 million per year, and variable materials expenses average $2,000 per van conversion..
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