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A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total costs. If it produces an additional watch, will its average total costs rise, fall, or stay the same?
Every Saturday morning he requires his sales staff to send him a report. This report Comprises, among other thing, the number of professors visited during the earlier week.
Suppose the club did NOT charge a membership fee: explain how much money would the family spend on food? How much food would the family buy?
The current account balance may fall after a real depreciation because
Evaluate how sale of novels would change during a period of rising incomes. Assess probable impact if competing publishers raise their costs.
No additional working capital is needed and no working capital will be returned. If your tax rate is 35% and you require a 14% return on your investment, what bid price should you submit?
Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Pursue inward-oriented policies. Increase taxes on income from savings.
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. Use a demand-and-supply graph to analyze the effects of these ..
Firm manufactures bicycle component upgrade kits. Kits have a short-run average variable cost of $48 and are sold for $66 each. What is breakeven level of daily output for firm.
What is cross elasticity of demand? How can it be used to tell if goods are substitutes for each other or complementary to each other? What is the rationing function of prices? Should health care be subject to this type of rationing? Be sure to comme..
Show graphically about what happens to utility level and elucidate why the result is plausible.
What role do the measurements of unemployment and inflation have on the management of an organization?
Consider the following possible schemes for taxing a monopoly: Explain how each of these taxes would affect the monopolist's profit-maximizing output choice. Would the tax increase or decrease the deadweight loss from monopoly?
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