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Suppose you own an accounting firm. How might you calculate your average Costs?
What might your fixed costs be in the short run? That is, what would be the source of your fixed costs? How would you measure these?
What might be your variable costs be in the short run and how would you measure these? That is, what items are the sources of your variable costs and how would you go about measuring the costs associated with them.
How would you calculate your marginal costs in an accounting firm?
What are your opportunity costs? Can you think of a way of measuring them?
You have just won a lottery! You will receive $50,000 a year beginning one year from now for twenty years. If your required rate of return is 10 percent,
Given the above prices, will the firm adopt a new method which involves 10 units of land, 3 of labor, 2 of capital, and 2 of entrepreneurial ability?
At a recent board meeting, the president and CEO got into a heated argument about whether to shut down the firm’s plant in Miami should the Miami plant be closed.
Illustrate what will happen to the input prices wages (w) and rental rate of capital (r) after this change in technology.
should government officials attempt to reduce birth rates among families in so-called developing countries or anywhere else for that matter, what implications does your recommendation have on economic development
Let a company's demand be given by: Q=100-P. Let company's marginal cost be $2 per unit of production. Solve for the firm's marginal revenue equation and optimal output or price combination.
Describe how a nurse's pay is determined and how the salary is structured. Discuss what your chosen state can do to increase the supply of nurses.
Briefly explain in words the sequence of changes that occur as the two economies move from no trade to free trade.
Assume the effects on salaries and employment of such agreements. Also, indicate some of the reasons why they may be difficult to enforce.
Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.
For the same loan described under Q3, the individual decides that instead of selling the house after the 71st payment, to keep it and shorten the pay off period by increasing the montly payment by $150 each month. What is the number of months re..
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
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