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Without budgets, how does a company know what target they are trying to achieve relative to revenue or costs? Should a budget be for one year or several? Do we budget only for current expenses or budget for capital improvements also? How would you go about budgeting for the next fiscal year and the next three fiscal years?
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present valu..
Given a situation in a monopolistically competitive market, if my price is $10 for an item and at my present rate of output, my marginal cost is $8 per unit
Trade off liberalization conflict with morally-conscious environmental policies. While it is true that economic growth is necessary for general welfare
Advertising can inform buyers, but sellers must incur costs to advertise. If so advertising can result in higher prices to consumers.
According to the quantity theory of money, what is the effect of increase in quantity of money?
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to describe the equilibrium level of real GDP and prices if the economy is operating:
Walmart has any special foreign exchange problems resulting from its strategic stance payment in USD, and what alternative policies the company could adopt in the event of such problems.
Given the industry's concern that workers shirk, they start employee at $10 and increase the pay by $0.40 each year they are on the job.
Give an example of a fairly major purchasing decision you've made in your lifetime. How did you justify the purchase.
From the two businesses perspectives, the two products are indistinguishable. The large investment required to build production facilities prohibits other firms from entering this market, and existing firms operate under the assumption that the ri..
In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country..
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