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Brian and Kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations and events. They are currently producing 2000 shirts per month with average total cost of $8.00, average fixed cost of $2.00, and marginal cost of $10.00. Calculate the following for Brian and Kim's firm:
a) average variable cost
b) total fixed cost
c) total cost
What is the internal rate of return on this investment? Assume that the cab is paid for at the beginning of the ?rst year, but that the annual cash ?ows happen at the end of the year.
Describe the pricing strategies in monopolistic competition, oligopoly, and monopoly market models. Explain which market structures are price makers and price takers. What is the difference in the demand curves and why.
What can the company do to improve its overall compensation, benefits and professional development practices to enhance the staff's overall effectiveness in meeting the mission and needs of the company?
Compare the path of economic growth using GDP, GDP growth, and GDP per capita. Compare the evolution of Agriculture and Manufacture as components of GDP.
Identify any variables that can be rejected as unrelated to sales and explain how trailer sales vary with changes in advertising and trailer rig income.
Consider the firms short run decision to hire workers. Suppose that a firm produces goods for sale in the perfectly competitive market. labor markets are competitive as well.
Intermediate Microeconomics - Budget Constraint: Draw Alan's budget constraint with such promotional campaign.
What key economic concepts underlie the employ of discount coupons by businesses?
Create a list of reasons for your recommendation and include considerations of product features and use of advertising.
Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. What is the breakeven level of daily output for the firm?
What objectives do unions serve? Are there other, more economically efficient, methods to achieve these objectives? What might those methods be?
Supporter of free market systems discuss that free enterprise leads to more efficient production and better response to changing customers preferences.
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