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If a company wants a 20% profit, what is the minimum they will bid on the project? Given: Each modular home to be installed is $100,000. The installation is to be done by one crew over 4 years (paid $10/hour with 5% increase/year) with a learning curve 80% and assumed 1200 hours for first installation. Contract is for 10 homes for year 1, and 20 homes for years 2,3, & 4 each.
Explain how "history" affects ability of firms in this game to achieve an outcome superior to that of one-shot version of game.
Then do similar for every of the determinants of supply in Equation 2.2. In every instance, would equilibrium market price increase or decrease.
do you think the price of crude oil has produced an upward or downward supply shock, or neither? How can you tell? Looking at historical data, when did the most recent oil-related supply shocks occur?
Imagine that you borrow $5,000 for one year and at the end of the year you repay the $5,000 plus $600 of interest. If the inflation rate was 4%, Illustrate what was the real interest rate you paid.
Is there a relationship between changes in productivity and the education level or the percentage of people attaining a particular level of education as hypothesized in economics?
q.lets say that you own a restaurant with 3 employees and you are trying to decide between two different production
Discuss the meaning of e-Commerce from a business and technical perspective and appreciate the business environments conducive to the use of successful e-Commerce applications
Explain how are the gains from trade shared among the parties to a trade. Is it possible for specialization and trade to increase total output of traded goods.
Elucidate how can you derive an equation describing labor demand in this economy as a function of the real wage also capital stock.
Elucidate how does the price of fertilizer compare to the average total cost, the average variable cost also the marginal cost of producing fertilizer.
Illustrate why does the GDP deflator give a different rate of inflation than does the CPI. Illustrate what is the difference between a medium of exchange and a store of value.
Assume an annual interest rate of %7. Which of the two units would you recommend ? What initial cost of machine A woul make the two machines identical in overal cost?
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