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A New Business Venture must develop a comprehensive business plan to borrow money to get started. companies such as FedEx, Nike, and Rolm Corporation say they did not follow the original plan cosely. Does that mean that developing the plan was a waste of time for these eventually successful companies?
Suppose a consumer's level of satisfaction is given by AB2 and he/she has a total of $10 to spend on goods A and B. If the price of A is $1 and the price of B is $2, and assuming you can only purchase whole units (not fractional) of A and B, how many..
Suppose that a market with an inelastic supply curve experiences a shift to the right in the demand curve. Using comparative statics, analyze how the equilibrium price and equilibrium quantity in this market will change as a result of the shift to th..
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
If firms in a monopolistically competitive industry are making an economic profit, Select one: a. all of the answers are correct. b. price is higher than marginal cost. c. new firms will enter the industry. d. economic profit will fall in future peri..
Consider Romer’s growth model of Chapter 6 and let ¯ A 0 = 100, ¯ l = 0 : 06, ¯ z = 1 = 3000, and ¯ L = 1000. What is the growth rate of output per person in this economy? What is the initial level of output per person? What is the output per person ..
The United States currently imports all of its coffee. The annual demand for coffee by U.S. consumers is given by the demand curve Q = 25010P . World producers can harvest and ship coffee to U.S. distributors at a constant marginal cost of $8 per pou..
Illustrate what price and quantity of computers should you produce to maximize your firm's profits. Explicidate long adjustment should you anticipate.
it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product. Demonstrate how you know.
What distinguishes the remedies under the UCC contract disputes and that from Common Law contracts? Why did the UCC drafters make these distinctions? Mitsch V. Rockenbach Chevrolet is found on page 281. Do you agree with the courts decision. What fac..
Making a pizza by automative vendor machine. What options are available for increasing the rate of output? Is one such option more desirable than the others over the long run?
What is an externality? In a market without environment regulations, will the supply curve for a firm take into account private costs, social costs, both, or neither? Explain. What are three problems that economists have noted with regard to command-..
q.a coal-fired power plant can produce electricity at a variable cost of 4 cents per kilowatt hour when running at its
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