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A contractor estimates maintenance costs for a new backhoe to be $275 for the first month with a monthly increase of 0.5%. The contractor can buy a 4 year maintenance contract for $18,500 at any point. If the contract is purchased at the same time as the backhoe is purchased the dealer has offered a 10% discount. Use i=0.75% per month. What should the contractor do?
1. explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical
What are the facotrs involved? What were the circumstances? How was the dilemma handled? What were the consequences?
A firm has estimated the following demand function for its product:
A firm is targeting 35,000 net monthly profit servicing 2000 cars. What price should the firm charge to realize the targeted profit.
if an organization decides to hire employees the decision must be made about the compensation method. in addition you
Which of the Supply Factors do YOU believe will be most important for the future growth of the U.S. economy? WHY? Briefly explain what we mean by labor productivity. What is its most important determinant?
Define inflation.Assume that you live in a simple economy in which only three goods are produced and traded: fish, fruit, and meat. Suppose that on January 1, 2010, fish sold for $2.50 per pound, meat was $3.00 per pound, and fruit was $1.50 per poun..
What is the equilibrium? If the government freezes the price of gasoline at its initial equilibrium price, how much of a surplus or shortage will exist when supply is reduced as described above?
What is meant when a monopoly firm is described as a price maker? How is a price maker different from a price taker? Is a monopoly ever a price taker?
imagine a large multinational firm producing consumer products which announces to cut 20000 thousand jobs close 100
Antitrust laws attempt to prevent monopolies from A. imposing large welfare losses on society B. producing too much output and flooding the market C. reducing barriers to entry D. pricing products too low. A monopolistically competitive firm is cha..
The demand in each group is linear. Would the monopolist discriminate (charge different prices to the two groups) if the slope of each inverse demand were the same, but vertical intercepts were different? What if vertical intercepts were the same ..
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