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Bill operates a boat rental business in a competitive industry. He owns 10 boats and pays $1,000 per month on the loan that he took out to buy them. He rents each boat for $200 per month. The variable cost for each boat rental is $50. In the off season, Bill should
a. operate his business as long as he rents at least 7 boats per month. b. operate his business as long as he rents at least 1 boat per month. c. operate his business as long as he rents all 10 boats each month. d. raise the price he charges per boat rental.
Use the B/C method to determine which should be selected at a discount rate of 0.75% per month over a 6-year study period.
An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.
Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
Illustrate what will be the long run market equilibrium price also output. Elucidate how many mills of Illustrate what type - new or old - will survive.
On the other hand, people in developing nations usually degrade also pollute their environments locally also Do not have the similar high level of technology to mitigate these effects.
Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
demand for its tennis balls by using the subsequent linear specification
Algebraically describe the market equilibrium price/output combination. Find out the price below which the firm will go out of business.
Coke could have followed the price per unit down, but it didn't. Total soft drink demand increased, and Pepsi took a larger share of the demand.
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
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