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An oil company is considering adding an additional grade of fuel at its service stations. To do this, an additional 3000-gallon tank must be buried at each station. Discussions with tank fabricators indicate that the least expensive tank would be cylindrical with minimum surface area. What size tank should be ordered? (Answer: 8-ft diameter by 8-ft length)
Please explain how each (budget deficit and foreign reserves) of the above noted economic issues affects long term interest rates and the inflation rate.
Provide a specific example of a country's currency that Coca Cola does business in and how it effects their total sales revenue reported in U.S. dollars.
Which one of the following is based on the idea that the marginal utility of income diminishes as income increases?
How does the Coase Theorem provide an alternative to government regulation and provision of services? How is the definition of private property critical to the Coase Theorem?
In recent times, much emphasis has been placed upon companies finding their competitive advantage in a changing market-place. For many, this has meant exploring new opportunities and developing business transactions between various countries. How doe..
Should Congress be more descriptively representative? How could this be ensured? Would it threaten democracy if representatives of particular demographic groups were favored in elections in order to bring about more descriptive representation?
Two of the most important concepts we’ve talked about in class are the technical rate of substitution between two inputs and the ratio of the price of those inputs. Explain, briefly, what each of these concepts represent in terms of tradeoffs, and wh..
Write 3-4 paragraphs pertaining to the theme below, be detailed on your work: The nuances and intricacies of nineteenth and twentieth century political and economic ideology The relationships among war, economics, and politics in twentieth century Eu..
What is your expected utility if you reach your sales goal 50% of the time? b.Suppose the sales goal was lowered so that you meet it 60% of the time.
According to the Central Limit Theorem
State whether the following decision is a short-run or long-run decision:
Company's share price, market capitalization, net income, total expenses, and dividend amount over the past 5 years - review potential impacts in employee
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