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Q1. McKee Corporation has annual fixed costs of $12M. Its variable cost ration is .60.a. Determine the company's break even dollar sales volume.b. Determine the dollar sales volume required to earn a target profit of $3M.
Q2. The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average of $0.20 each, and they sell for $0.30.a. What is the marginal cost of a string?b. Is this industry in long run equilibrium. Explain?
This decision shows that Gene is: more interested in earning high profits than achieving security. motivated by his desire to quickly begin operations with a minimum of effort. not a self-motivated individual. afraid to get int..
Why do some business firms pursue a triple-bottom-line outcome while others focus only on profit maximization? Please, use a real company example to illustrate your points.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.
Explain how would you test the hypothesis that the two population means are the same.
An alternative way for the government to encourage home ownership would be to offer a tax credit instead of a tax deduction. Explain how does this alter its budget if k=0.25.
Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase
q.suppose that a banks customer deposits 4000 in her checking account. the required reserve ratio is 0.25. what are the
Assuming that factor markets are otherwise free and competitive, explain why the higher real wage would fail to increase the share of labor income in national income.
Merchandising What is the difference between a service and a merchandising business? Provide an example of each. What are three new types of merchandising accounts?
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