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James way Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year:
The Maroon Division occupies 20,000 square feet in the plant. The Yellow Division occupies 30,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $60,000.Gross profit for the Maroon and Yellow Divisions is:
C Above. D Above. B Above. A Above. E Above.
The company sells its beer at a premium and reports a large profit each year. Is this firm necessarily making economic profits? Explain.
Explain how the holding of a range of assets in peoples portfolios may help to create a more direct link between changes in money supply and changes in aggregate demand.
Determine what is Risky Behavior Amoung Youths in Behavioral Economics and explain how does it affect the economy?
1.Are there any shops in your area that stay open later than others? If so, does this affect the prices they charge? Why do you think this is?
Two months before, the landlord of a car dealership significantly changed his sales manager's compensation plan. Under the old plan, the manager was paid a salary of $6000 every month
Given most common goods, will a new specific tax on the purchase and use of the good increase or decrease its equilibrium quantity? Will consumers benefit or lose? Will producers of the product benefit or lose?
Making dresses is a labor intensive process. Indeed, production function of a dressmaking company is well described through the equation Q=L-L^2/800,
What is the expected level of sales each week when Robinsons Inc spends $40 000 per week and the combined advertising expenditure for the three rivals are $100 000 per week?
1.Why might efforts to address the issue of global warming be hampered by a lack of understanding of probability amongst the general public?
Many social scientists say that poorer Third World countries should reject "models based on economic laws" of universal validity. According to them, there are no universal laws.
What is Pareto efficiency? Why do economists use this criterion for comparing alternative economic systems? What is a property right? What role do property rights play in a market economy?
You work for a compensation consulting firm. Discuss the key factors that will influence your recommendation for each of these three parameters.
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