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Suppose the price of bagels in Waterloo is currently $0.75 per bagel. There are 10 low-cost bakeries that can produce bagels, each of which has the supply function Qs= 200P- 100. There are 10 high-cost bakeries that can produce bagels, each of which has the supply function Qs= 200P- 200. (These individual supply functions apply in the short run and the long run.) Which bakeries will be active when the price is $0.75? If the price rises to $1.25, what will be the market supply in the short run? In the long run? Graph the short-run and long-run market supply curves.
Long-term investment decision, payback method Bill Williams has the opportunity to invest in project A that costs $9,000 today and promises to pay annual end-ofyear payments of $2,200, $2,500, $2,500, $2,000, and $1,800 over the next 5 years.
The legislation provides increased funding for computer education in primary and secondary schools, as well as tax breaks for firms that develop computer software. As result of this legislation, what do you predict will happen to the equilibrium p..
Could a labor union or a minimum salary law efficiently help to raise wages.
Illustrate what factors led to the mortgage default crisis. How did mortgage defaults affect banks involved in mortgage lending and mortgage investing.
In the circular flow diagram businesses pay wages, rent, interest, and profits to households in return for the use of factors of production. through the factor market businesses purchase goods and services from households in return for consumption..
the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? Use hypothetical numbers to explain. Information you..
The late Milton Friedman often wrote that instead of imposing countervailing duties on subsidized foreign goods, the United States should write a note of thanks to foreign taxpayers. Do you agree?
suppose there are 2 countries home and foreign two factors of production capital and labor and two products food and
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
Do incumbent politicians utilize their power and influence to get re-elected. Is this a "valid" use of political power. How does this impact business firms. Please discuss.
Groups need to choose a topic from the list of topics provided by the lecturer and write an essay on the chosen topic. (This list is placed under additional readings on your BB)
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