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Bunglers Furniture makes benches and sells them for £80. Materials and other direct costs are currently £14,000 a year. It has overheads of £8,180 and a wage bill for staff of £32,000. The gross profit per sale is calculated to be £38. Calculate the break even point?
suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is
Delmar Custom Homes (DCH) uses two types of crews on its Long Island, NY, home construction projects. Type A crews consist of master carpenters and skilled carpenters, whereas B crews include skilled carpenters and unskilled labor.
Calculate the marginal revenue product for each add. unit of labor of output sell $3
Explain how do high inflation rates affect the exchange rate of a country in the short and the long run.
How many trees should be cut to maximize the profit?
hannah and her employer both expected inflation to be 3% between 2010 and 2011, so they agreed in a two year contract $12.00 an hour in 2010 and $12.36 per hour in 2011. However suppose inflation between 2010 and 2011 was only 2% not 3%.
Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.
Use a chain reaction to explain the impact of a reduction in the budget surplus on GDP (use a complete chain reaction). Is this an example of expansionary or restrictive fiscal policy?
Describe and explain overall wage trends in the USA. Describe and explain trends in income disparity in the USA. Describe and explain trends in gender income inequality in the USA.
The Keynesian approach to macroeconomics assumes that A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets.
A price change causes the quantity demanded of a good to decrease by 30 percent , while the total revenue of that good increases by 15 percent. Is the demand curve elastic or inelastic ? Explain?
If the cost of having the book typeset is $9,000, if the marginal cost of printing an extra copy is $4, and if he has no other costs, Calculate total revenue, total cost and profits at these Q* and P*.
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