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Mike's Bicycle Factory builds specialty bicycles with the following long-run cost function: TC = 2.5( Q3 ). Plot Mike's ATC and MC curves for quantities 1 through 5.
a. For which quantities does Mike's Bicycle Factory exhibit economies of scale?
b. For which quantities does it exhibit diseconomies of scale?
A company is planning to buy an inspection device for $45,000. The expected life of the machine is 5 years, and the expected annual taxes and operating cost are $600 for the first year with an added increase per year of $100 per year for years 2 t..
The table below presents the PPC of Euphoria. Point Computers Food A 0 18 B 120 14 C 200 8 D 240 0 Calculate the opportunity costs of food in terms of computers for all the points in the above table. Does the law of increasing relative cost holds
Consider four independent rolls of a 6-sided die. Let X be the number of 1s and let Y be the number of 2s obtained. What is the joint PMF of X and Y?
Compute the discount factor 1/(1+r)^t for r=1, 5, or 10 perent interest rates and t=30 and 50 years. remember that 1 percent is .01. based on your computation, is teh choice of discount factor important for deciding whether to do somehtinga bout..
Assume autonomous real investment is $30, autonomous real government spending is $30, and autonomous real net exports is -$20. Compute Aggregate Expenditures at each level of real GDP. What is the value of equilibrium real GDP
You have just constructed what is called an income-consumption curve. Can you understand why it is called an income-consumption curve?
Does this resistance stem from an inherent irrationality on their part, or might it be attributable to some other factors often overlooked by traditional economic analysis? Explain your answer
Describe-in-detail-how you would prepare Gen Xers for promotion to leadership roles. How would you structure the leadership development for Gen Xers? 200 words
Identify and document six (6) credible sources (two (2) for each topic) that you would expect to use. Note: Wikipedia and other Websites do not qualify as academic resources.
Speculate on the main reasons why the skills and training of project managers have changed over time. Give your opinion as to whether these changes have been good for business. Provide a rationale for your response.
Why have tech firms with near monopolies in their own sectors sought to compete with tech firms that have extremely strong, near-monopoly positions in other sectors?
An engineer deposits $300 per month into a savings account thatpays interest at a rate of 6% per year, compounded semiannually. How much will be in the account at the end of 15 years A) Assume no inter-period compounding; B) Assumeinter-period comp..
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