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As an economist working at the International Monetary Fund, you are given the following data for South Africa: predicted per capita GDP, relative to the United States, as given by y=k^1/3, is 0.55, and total factor productivity is 0.33. What is the observed per capita GDP, relative to the United States?
Toro Company is expanding its El Paso plastic molding plant as it continues to transfer work from Juarez, Mexico contractors. The plant bought a $1.1 million precision injection molding machine to make plastic parts for Toro lawn mowers, trimmers, an..
q1. total fixed cost or sunk cost is independent of quantity produced.assume a small firm has invested 10 million in
organisational behaviour. Why is the relationship between age and job performance likely to be in issue of increasing importance during the next decade?
Discuss the source of tension between cooperation and self-interest in a market characterized by oligopoly. Use an example of an actual cartel arrangement to demonstrate why this tension creates instability in cartels.
Explain how demand for time travel, as well as marginal income, long-run marginal cost also long-run average cost.
To differentiate its product a monopolistic competitive firm will engage in all of the following advertising practices EXCEPT
illustrate what way is Per Capita GDP a better measure of economic well being than GDP. How does this relate to economic problems in the undeveloped world.
Suppose that Agostino's hourly wage is $30 per hour, his rental property yields $120 per day, and he has 16 hours in a day to allocate between leisure and work. Draw his daily budget constraint. How much can Agostino consume if he enjoys 16 hours of ..
An individual consumes only two commodities X and Y. She prefers a bundle B1 with 6 units of X and 2 units of Y to a bundle B2 with 4 units of X and 7 units of Y. Also, she prefers a bundle B3 with 2 units of X and 8 units of Y to B1. Are these prefe..
q1. how could you use cost volume profit analysis in a products of choice. explain its benefits and limitationsq2.
Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most influential for decision-making.
Benny decides to buy living room furniture worth $3000. He plans to finance the furniture for two years. The furniture store tells him that the interest rate is only 1%/mo/mo and his monthly payment is computed as follows:
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