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Company A plans to produce 300,000 units next year, the production budget is:
Direct labor: 600,000
Ingredients: 450,000
packaging 150,000
rent 225,000
depreciation 80,000
other fixed costs 55000
Compute the total cost and cost per unit when the unit production is changed to 315,000 units.
Using the principles of supply and demand, develop a plan to alleviate the shortage of Math and Science teachers within this country. Try to use price and non-price determinants as your tools to reach equilibrium.
The output effect of an increase in the wage comes about because higher wages:
Assume an airline flying on the New York - Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travelers.
How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?
Do you agree that the only way to raise equilibrium quantity is to raise supply and demand together? Why agree or why not agree?
Because agricultural demand is inelastic, a technological advance which lowers production costs will reduce total revenue. Thus, farmers have no incentive to introduce such a technique.
The Haas Corporation's executive vice president circulates the memo to the firm's top management in which he argues for reduction in price of firms product. He says such a price cut will raise the firms sales and profits.
Which of the following statements best states the demand for agricultural commodities?
Which of the following is not a condition required for the practice of price discrimination?
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
What price would Soft Rock have to charge to sell 2,000 T shirts? Compute the own price elasticity of demand when the price goes from $5 to $4.
Why is the government so quick to regulate monopolies and potential monopolies? What are the major concerns and evils that arise from this market structure?
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