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State whether the following decision is a short-run or long-run decision:
a. ADM is deciding whether to install machinery that uses Human Machine Interface technology or 8-layer PCB prototype technology in its manufacturing plant.
b. Wal-Mart hires additional seasonal workers during November and December.
c. Bassett furniture manufacturers close all manufacturing plants in North Carolina, USA and outsource their furniture production to manufacturing plants in China.
d. General Motors purchases new equipment to replace depreciating equipment.
Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?
Illustrate what does it imply about actual price level relative to expected price level. Illustrate what must happen to real and nominal wages in order to close a contractionary gap.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
You have been asked to produce a forecast for your company's new product (bottled water). List out and briefly describe four factors you would consider before giving the forecast.
In long run, what would you expect to happen to the price of steelin U.S. and Germany. What would be the price differential.
If Evren wishes to make 25 tons of donuts, how many bakers are required given the current level of capital? How much will it cost to produce this (total cost)?
consider the following islm model for a closed economyc4000.4yd i2000.3y-2000i g360t400 mp4y-100000ims2600 10
illustrate what happens to economic output and inflation and explain why these changes take place.
The accompanying table also graph elucidate how Samantha's preferences for consumption bundles composed of chocolate kisses also licorice drops.
If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
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