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assume that price is fixed at $37,000 and that Buzzer Auto needs 5 workers for every 1 automobile produced.
If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce?
How many workers will it hire?
If instead, demand unexpectedly falls from DM to DL, how many fewer cars will Buzzer sell?
How many fewer workers will it need if it decides to match production to these lower sales?
Last year, Urbana Corporation had $197,500 of assets, $307,500 of sales, $19,575 of net income, and a debt-to-total assets ratio of 37.5 percent.
Illustrate the economy's adjustment to its long run equilibrium only, as the formerly dislocated (and now retrained) labour force is finding employment in new industries.
Suppose the government is concerned that the going wage rate of $6 per hour for low skilled workers is too low.
Let's say there's a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services
Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2, the quantity produced is 4 bars and the price is $5. In year 3, the quantity produced is 5 bars and the price is $6. ..
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.
If a series of tornados damages factories and infrastructure in the industrial regions of the United State, a short term consequence is that
Consolidated Drugs, Inc. has spent $4 million developing and testing a new anti-aging drug. Management now estimates that it will cost $2 million to produce and market this new product.
Describe in detail the implementation of the 4ps marketing mix concept by this company icluding, competition, distribution strategy, target market, product strategy,
How does the free rider problem explain why telephone companies are usually successful in getting permission to raise their rates?
Elucidate three manufacturing companies that experienced large percentage increases in the number of firms between 1997 and 2002.
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