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When a business is losing money, then they need to decide if they should stay open or close. If they close, then they only have the fixed costs. On a graph, we would have to compare the price with the average variable cost. What decisions need to be taken into consideration to determine if the business should remain open or close down?
Why would secrecy in operating a business be important to an owner? What form of organization would be most appropriate for a business requiring great secrecy?
They spend their time performing two favorite activities. Knitting scarves and making meatballs.
Illustrate what does such a combination mean to this economy. Explain in detail being sure to discuss such a combination relative to resource utilization and efficiency.
This graphing calculator illustrates the demand for spaghetti dinners served in all the restaurants in a society.
Illustrate a firm in monopolistic competition that does not make a profit but rather a loss. Now illustrate how firm exit will change demand in the long run, allowing at least some firms to break even.
Gigantic State University indicate that over the past twenty years tuition and enrollment have both increased. From this information. What are Best National Bank's reserves, needed reserves, and excess reserves.
Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.
Elucidate how advertising can be employed to allow Tots-R-Us to keep cost above average cost with encouraging entry.
As medicines which with brand names that the man recognise from television commercials sell for more than the unadvertised versions. elucidate in economic terms this perplexing situation to the father.
Think of any financial innovation in the past ten years
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
Discuss how elasticities should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why.
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