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Suppose the nation of Arcadia produces only two goods teapots and surfboards if Arcadia produces only teapots it can make 80 per day if Arcadia produces only surfboards it can make 30 per day what is the opportunity cost of one teapot in Arcadia
Break-even point and degree of leverage (LO2 & 5) Mo & Chris’s Delicious Burgers, Inc., sells food to Military Cafeteria for $15 a box. The fixed costs of this operation are $80,000 while the variable cost per box is $10. what is the break-even point..
The initial cost of a new business facility is $1,000,000 but the owners plan to add an expansion in 10 years which will cost $100,000. It costs $25,000 per year to run from years 1-4 and $40,000 per year from years 5-infinity. What is the annual wor..
q. there are three major network affiliate television stations in hicksville rbc cbc and mbc. all three stations have
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 125 items per hour. What if you assign t..
Assume the NXL league in Q #3 above adds two expansion teams each generating $100 mil per year in revenue. How much TR (to the nearest $ mil) will UT now have AFTER revenue sharing is taken into account? a. 192 b. 240 c. 278 d. 230 e. 250
Oftentimes, businesses target their customer service departments as costs to be eliminated (to which I agree to an extent). Customer service costs, however, are tied to quality, rework, pride in product, employee turnover, and a myriad of other varia..
As you shop for your favourite clothing, music, and food items try to describe how supply and demand influences the prices of these goods?
A firm’s cost function is C = 5Q + 0.1Q^2. Suppose the market price is $10. How many units will be produced by this firm to maximize its profit? Is this firm in the long run or in the short run? What is the lowest price at which the firm will produce..
q1. your employer asks you to calculate the present value for a project that will result in an immediate financial
The demand for the product of a business is given by q = 50 - 2p. If the price of the product is p = 10 dollars, the revenue is
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firm’s likely use for each type of good and why?
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