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A Malibu boat will cost $32,500 when purchased. Gasoline and maintenance will approximately cost $25/hour, and equipment rental will cost $10/hour. The boat will be used for wakeboard instructing and will generate revenue of $100/hour. One instructional trip will use 4 hours on the boat's engine. Draw and simplify a cash flow diagram that will help you determine how many trips it will take to break even. (No credit will be given without a cash flow diagram). How many more trips will you need to buy a $75,000 boat if the original boat can be salvaged for $5,000 when you sell it?
Discuss the role of social diversity and business ethics as it relates to globalization? Consider how different cultures around world perform such business activities.
Suppose an individal who moves from Asia to the United State and brings with him life savings of $40,000, which he deposits in a US bank.
Suppose the demand for ABC product has an elasticity coefficient. Explain how many it will sell per month if the price
Let's say, country A and B both consume and produce only food and clothing. Both countries use only labor to create these two products.
Compute producer surplus, how much is the difference between the producer surplus and profit in this case
Elizabeth has $35,000 in an investment account, but she wants account to increase to $100,000 in ten years without making any additional contributions to the account.
A company has two plants with the following marginal cost functions: MC1 = 20 +2Q1, MC2 = 10 +5Q2 Where MC1 is marginal cost in 1st plant,
Draw a bowed-out production possibilities curve (PPC or PPF) with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis.
Assume there are 12 firms in an industry. The percentage of total sales is given in the following table:
Explain why user cost, or scarcity rent, arises in the intertemporal allocation of a depletable resource such as minerals, and some types of energy and aquifer water resources.
High Mark Industries sells solar water heaters to households interested in lower energy bills and sustainable energy.
Suppose a soft-drink firm is grappling with the decision about whether or not to introduce to the market a new carbonated beverage with 25 percent real fruit juice. Elucidate how might it use the six decision steps to guide its course of action.
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