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Joe Donaldson deposited $80,000 in his new business. He then purchased for cash a building for $40,000 and inventory for $20,000. He performed services for clients for $10,000 cash, purchased supplies for $5,000 cash, and paid utilities of $2,000 cash.
Prepare all entries related to above transactions.
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
As a manager of chain of movie theatres which are monopolies in their respective markets-Devise a pricing strategy to maximize your firm's profits.
Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.
Assume that your firm above is the N.Y. Yankees and the league owners impose a lump sum tax of $4 million dollars on your firm.
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
A symetric information can have deleterious effects on market outcomes. Discuss a few tactics that managers can use to overcome these problems.
Dana's Doorsteps (DD) is a monopolist in the doorstep industry. Its cost is C= 10Q and demand is P = 30- Q.
A company produces two main products: electronic control device3s and specialty microchips. The average total cost of producing a microchip is $300; the firm sells the chips to other high-tech manufacturers for $550. Should the company produce con..
Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
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