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Mr. Banks knows that line maintenance expense varies with company size, and he wants to use the latter to predict the former. Based on YOUR EXPERIENCE, what are some of the issues that he might face when trying to MEASURE these variables?
How might the measurement of size be improved?
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense?
What is his budget constraint in terms of Consumption and Hours Worked. Draw his budget constraint on diagram. Now draw several indifference curves and indicate utility maximizing level of Hours worked and Consumption.
The marginal cost of production is $1.40 to firm 1 and $3.20 to firm 2. The transportation cost is $1 per mile. What is the Nash equilibrium price charged by firm 1? What is the Nash equilibrium price charged by firm 2?
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
In Japan, Toyotas can be produced at 1,900,000 yen and Chevrolets at 1,600,000 yen. In terms of Chevrolets, illustrate what is the opportunity cost of producing Toyotas in each country.
If you were in this industry also there was an increased demand for the product which pushed up the price of goods
The government has decided to reduce the pollution also from now on will require a pollution permit for each ton of pollution emitted.
If a person can either fish or chop coconuts for subsistence, what does production look like.
Illustrate what are the main determinants of the amount of excess reserves held by banks. Illustrate what is the primary determinant of deposits and the money supply in the long-run.
What is elasticity of demand for hamburgers at equilibrium. What are consumer surplus and producer surplus at equilibrium.
can you suggest better methods of making the adjustments for the stated purpose. llustrate what general guide can you suggest as to elucidate how much price should be increased
discuss the best fit of the multinational firm to its worldwide industry environment and the changing role of central headquarters as an organization expands into other countries.
Firms raise capital from investors by issuing shares in the primary markets
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