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A New Hampshire resort offers year-round activities: in winter, skiing and other activities to be cold; and in summer, golf, tennis and hiking. The costs of running resort are essentially the same in winter and summer. Higher administrative costs nights in winter, when its average occupancy rate is 75%, which in the summer when its occupancy rate is 85%. Can this policy be consistent with profit maximization? Describe.
Most of us participate in the economy every day. As households, we can provide labor to companies or government in the input market and we are also consumers of goods and services in product market.
Why is it significant for managers to understand both short run and long run supply and demand? Please give one hypothetical or real life example which illustrates your response.
Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?
Assume the labor force decreases in size due to the large number of people reaching retirement age and subsequently entering retirement. At the same time real interest rates in the economy fall. What will happen in the economy?
The President of US is suggesting increased spending for a missile defense system and also proposing a major long term tax cut. Provide some predictions of possible outcomes for the federal budget categories,
Write down the differences between absorption and variable costing techniques on income statement presentation.
Determine how the following situations will affect the demand curve for ipods.
Discuss the pros and cons, for returning to the gold standard. Provide the positive and negative effects of reversing the current policy.
The market environment heavily effects corporate decision making ability. Define and explain the difference in executive decisions concerning pricing, product design,
One of the stumbling blocks of Voice over IP has been the implementation of a 911 service. The given story appeared on the newswires on Tuesday:
Please help describe profit maximizing decision of pure monopolist firm and compare it to the profit maximizing decision of the firm in a purely competitive market and a monopolist firm in the competitive market.
After Henry ford invented the assembly line for producing automobiles, other automobile companies copied his invention. The new technology rise the economies of scale in automobile producing.
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