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Outdoor Sports Company, with its main office in Iowa, is considering opening a branch office in Los Angeles. Under normal economic conditions, which have a 45% chance of occurring, Outdoor can expect to earn a net income in that branch office of $50,000. If there is a mini-recession, which has a 25% chance of occurring, Outdoor will earn $20,000 in that branch office. In a severe recession, which has a 20% chance of occurring, Outdoor will lose $10,000 in the branch office. There is also a slight chance (10%) that the branch office will be a failure and Outdoor will lose $300,000. Should Outdoor open the branch office?
What is value added in every sector also what is total output for the economy.
Define the following in three senctence minimum definition.
Ellucidate in words the effects of the rebate on supply and/or demand and its effects on quantity and price.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
Assume you observed an acquisition by diversifying firm and that the aftermath of the deal included plant closings.
The presentation should introduce and analyze an interesting environmental regulation proposal, a firm's unique environmental strategy
Calculate the cross-price elasticity for the following goods. Are they complements or substitutes?
For each of the following pairs of goods, would you expect the cross-elasticity of demand to be positive or negative? Large (in absolute value) or small? Defend your answers:
Assume a typical customer’s inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q.
A team of minor league baseball is trying to predict ticket sales for the upcoming season and is considering changing ticket prices.
Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.
Elucidate what output level does average variable cost reach its minimum value. What is the value (in dollars) of the average variable cost at its minimum point.
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