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About the topic of national debt, it just likes we lent money from our offspring. Most of us think the debt is bad. However, someone has different ideas. If you can lend some money from your children, you will be better off and your children will be worse off after that. But, if your children can also do the same thing to your grand children, they will be no longer worse off but your grand children will be worse off. Suppose human beings can exist forever and every generation could borrow money from their next generation. The first generation has more money and no one loss anything. Is that great? Who say there is no free lunch in the real world? What do you think about this idea?
Determine whether the firm is operating efficiently, given that its objective is to minimize the cost of producing the given level of output. Determine what changes (if any) in the relative proportions of labor and raw materials need to be made to..
In your own words, describe the law of demand through the income and substitution effects, using a price increase as a point of departure for your discussion.
Formerly, market for air travel in Europe was highly regulated. Entry of new airlines was severely restricted, and air fares were set by regulation.
Construct a table showing the marginal cost of production. What is the minimum price necessary for the company to supply ten thousand copies? How many copies would the company supply at industry prices of $5,500 and $7,000 per ten thousand?
What is the difference between explicit and implicit costs? Which of the costs is most closely associated with opportunity costs and why?
Explain how data systems are changing several aspects of the accounting profession. Include a description of a variety of new technologies and their effects on accounting processes.
Discuss in general the appropriate metrics that one may require to track. Also explain how investing in IT with an eyes towards the replacement or automation of another project or issue or task may work.
Because agricultural demand is inelastic, a technological advance which lowers production costs will reduce total revenue. Thus, farmers have no incentive to introduce such a technique.
Traditionally, two% of the citizens of US live in a foreign nation because they are disenchanted with United States politices or social attitudes. In order to test if this prportion has raised since the September 11, 2001, terror attacks, United Stat..
Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
Consider a firm which employs capital and labor as inputs and sells 5,000 units of output per year at the going market price of $10. As well suppose that total labor costs to the firm are $45,000 annually.
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
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