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Given the information below, calculate the break-even point. is this a good estimate of when your company will become profitable? A. labor rate 10.00/hr. B. Avg. # of yards mowed 1/hr. C. Fuel used 1.5 gallon/yd. D. Fuel cost 4/21/16 2.01/gallon E. Expected mower life 1500 yards F. Mower cost 500.00 G. Avg. yard price 50.00
What is the non-accelerating rate of inflation? How does it relate to the natural rate of unemployment? What role do expectations play in determining the rate of inflation?
Why do we have a reason to expect that market forces will keep prices (adjusted for exchange rates) the same? Explain. What is the real sector of the economy, what are the associated parity conditions, and how are they different from each other? Is t..
An economy is initially at the natural level of output. There is an increase in government spending. Use the ISLM model to illustrate both the short-run and long-run impact of this policy change. Be sure to label: i. the axes; ii. the curves; iii. th..
In theory socialism is an economic system:
What is the profit-maximizing p in the case that Godzilla and Macrosoft merge and suppose that Godzilla chooses its price first, and that Macrosoft only picks its price after observing Godzilla's price. Is the equilibrium price of the composite go..
Martha has the utility function U(x, y) = min {4x,2y}. Write down her demand for x and y as functions of the variables m, px, and py, where m is income, px is the price of x, and py is the price of y.
Other things equal, what effect will each of the following have on the equilibrium price level and the level of real output? Equal increases in aggregate demand and aggregate supply. An increase in aggregate demand in the steep portion of the aggrega..
Jim’s diner is just about to open in Memphis, Tennessee. However, Jim is trying to decide whether he wants to offer Coke or Pepsi soda products. He determines that, to offer either product, he will have to spend $1,600 in sunk costs to purchase and i..
You have a system that contains a special processor for doing floating- point operations. You have determined that 60% of your computations can use the floating-point processor. When a program uses the floating-point processor, the speedup of the flo..
Newspaper reports frequently suggest that the administration (regardless of who is president) wants the fed to lower interest rates. Why do you think that might be the case?
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
A monopolistic competitor is likely to advertise to: shift the demand curve for its product rightward. increase the perception of product differentiation in the minds of potential consumers. convey information about the product it is offering for sal..
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