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Master's Cleaners' average variable costs consist of $.70 of direct labor, $.30 of direct materials, and $.50 of other variable inputs. If it has fixed costs of $1,000, what level of output is required at a price of $2 to generate $500 in profits?
What is the difference between gross domestic product (GDP) and gross national product (GNP)? What is the difference in what GDP measures compared to GNP? Based on the table, what calculations must you make to determine GNP from GDP? What is national..
What factors determine the sensitivity of net exports to the interest rate? Consider the cases where net exports are very sensitive to the interest rate and where they are very insensitive. Compare the effect that an increase in the money supply has ..
The Mundell-Fleming model takes the world interest rate r as an exogenous variable. Leti´s consider what happens when this variable changes. What might cause the world interest rate to rise? In the Mundell-Fleming model with a O¨xed exchange rate, wh..
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
How do you recover an investment when the residual value is significantly less than the loan value.
At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
The government has decided that the free-market price of cheese is too low. Suppose the government imposes a binding price floor in the cheese market. Draw a supply-and-demand diagram to show the effects of this policy on the price of cheese and the ..
What are the implications for international business of differences in the dominant religion, social structure, and educational systems of a country? How do religion, social structure, and education combine to form a system that defines the culture o..
q1. assume which there is an increase in total factor productivity. in the search model of unemployment find out the
Do you consider yourself an early adopter when it comes to trying out new products or new fashions, or do you tend to take a wait-and-see attitude? How does your attitude toward new products and new ideas influence your decision making as a consumer?
Discuss what happens to Marginal Benefit (MB) and Marginal Cost (MC) curves of Insurance in the following cases: Insurance Premiums decreases
The perfectly competitive market structure is widely regarded as the most desirable way in which a market should operate. Please explain why economists come to this conclusion. Please also use a real world example in your explanation and use a chart/..
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