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A few years ago a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of his investment accounts that had been earning around 6% a year and used that money to start up the business. He worked hard the first year, hiring one employee (his only salary cost for the business was the $40,000 paid to this employee), and generated total sales of $1,000,000. Total material and subcontracted labor costs for the year were $900,000. Calculate accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job? What is the economic profit of the business?
Two firms compete for consumers who have aggregate Demand x=100-2P. Both firms have constant marginal costillustrate both firms' best response functions & indicate Illustrate what the outcome is for each firms'.
Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
Firms often face the problem of allocating an input in fixed provide among different products.
Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.
Describe the organizational structure of your selected organization. Evaluate and difference that structure with two different organizational structures.
Illustrate what is your conclusion about the claim made by the diet program
Me Lisa purchases shares in government bond mutual fund .is this included in the aggregate demand component investment.
Describe the long-run effects of patent expiration on prices, output and profit in a monopolistic industry.
If you receive a request for proposal (RFP) on a project for four units, illustrate what is your break-even price.
You have been hired to manage a small manufacturing facility whose cost and production data.
If the foreign country enters the market first, determine the equilibrium price and quantity. Will both countries produce. Show both average cost curves and the equilibrium.
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