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consider the local music scene in your area. Name some of the local live bands that play in clubs and music halls, both on and off campus. Look in your local newspaper for advertisements of upcoming shows or performances. How would you characterize the market for local musicians ? Is there product differentitation ? In what degree are they able to exercise market power ? Are there barriers to entry ? How profitable do you think the musicians are ?
The eq'm wage is currently $7/hour, eq'm Q of labor is 35 hours. Using generic QLS and QLD labels (if necessary), show what is going on in this economy after the minimum wage goes into effect. How much unemployment results
What is the approximate after-tax IRR on a two-year project for which the first cost is $12,000, savings are $5000 in the first year and $10,000 in the second year, and taxes are at 40%
Value Lodges owns an economy motel chain and is considering building a new 200-unit model. The cost to build is estimated at $8,000,000; estimates for motel furnishings will cost an additional $700,000 and will require replacement every 5 years. A..
The company debt represents 25%, the preferred stock represents 10%, and the common stock equity represents 65% of total capital on the basis of the market values of the three components. The company expects to have a significant amount
What is the optimal price of the textbook from the author's point of view and by how much would the demand for the textbook change if advertising were increased by 2%?
The following table presents data on three leading indicators for a three-month period. Construct the composite index (with each indicator assigned equal weight) and the diffusion index. Month Leading Indicator A Leading Indicator B Le..
Tabulate or graph the results; Analyze and discuss the results, noting any interesting, tures
Suppose the inverse market demand is given by P = 20 - Q. If the incumbent produces 8 units of output, which of the following equations best summarizes the potential entrant's residual demand curve P = 12 - 8Q P = 20 - 12Q P =20 - 8 Q P = 12 - Q
the table below shows the demand and supply schedules for sandwiches. use thetable to answer the following
A proposed material for covering the roof of a building will have an estimated life of 8 years and will cost 5.000$. A heavier grade of this roofing material will cost 1.400$ more but will have an estimated life of 12 years.
Suppose a drug developer just received a patent on a new chemical compound, which could be used in developing a new drug to control cholesterol. The developer knows (with certainty) that it could successfully develop the compound into a safe.
Recent increases in rents have caused the citizens of Elmville to vote for a rent ceiling of $1200. Assuming all rental units in Elmville are identical and the supply and demand for rental units are given by Qs = -1000 + 20P Qd = 50000 - 10P
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