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The accountants hired by Ohman Shoe Company have calculated fixed costs to equal $30,000, variable cost to equal $100,000, and total revenue to equal $110,000. Because of this information, Ohman Shoe Company decides
A. to exit the industry.
B. to shut down.
C. decides to stay open because shutting down would be more expensive.
D. decides to stay open because they are making an economic profit.
honda accord owners are fiercely loyal to their auto choice. while interviewed by representatives of honda number one
Explain how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model
q1. assume that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. if
submit data findings that include economic factors within that area that may influence your decision, or factors that have prohibited an area to be chosen.
Every may either 'cooperate' with its rival or 'cheat' in every period of play. If both cooperate, they earn $100 every in that period.
Suppose the cost function is C(Q) = 50 + Q - 10Q2 + 2Q3. What is the marginal cost of producing 10 units? my teacher said it was 401 for the answer but I don't understand how he got that answer because he asked the same problem and said that answer w..
the quantity supplied of the Real GDP in the long run is $4.3 trillion. Evalute is the economy in short run equuilibrium. Will the price in long run equilibrium be greater than, of less than, or equal to 132.
Illustrate what are the assumptions being made about Jackie by her colleagues also managers.
Suppose c = wL + rK and q = L 1/3K 1/4 and perfect competition in all markets. Find the demand for labor and capital and the supply of q. If p = 8, w = 1 and r = 2, find the quantity supplied and the profits.
A thirty year annuity has end of month payments. the first year the payments are each $120. In subsequent years each payment increases by $5 over what it was the previous year. Find the present value of the annuity if i=3%
Proposals to raise the minimum wage rate are often opposed with the argument that such a move would not only cause an increase in the unemployment rate but would also hurt the very people it is intended to help. Is there any validity to that argument..
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