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Q. Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery every year also sell them for $100 each. It costs Madelyn $20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested $100,000 in her factory also equipment: $50,000 from her savings also $50,000 borrowed at 10 percent (assume that she could have loaned her money out at 10 percent, too). Madelyn can work at a competing pottery factory for $40,000 every year. The economic profit at Madelyn's pottery factory is.
Explain how global stratification impact local culture and expalin what are the positive does and the negative effects.
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
Compute GDP for Joe using both the product and income approaches and show how they must agree.
Explain how does the trade deficit affect U.S. economy. Explain how does it affect the firm or organization you work for.
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
Name some of the ways firms attempt to control their costs. Explain Name some of the ways firms attempt to control their costs. Explain how does your firm control costs.
When design dominance is discussed, what company name comes to mind.
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
Price Elasticity of Demand and Price Elasticity of Supply at the equilibrium point.
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