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The Allen Corporation, a sofa retailer, wants to determine how many sofas it must sell in order to earn a profit of $10,000 per month. The price of each sofa is $400, the average variable cost is $200. What is the required sales volume if fixed costs are $4000 per month?
What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?
suppose that a firm uses both labour l and capital k as inputs and has the long run production function q lk - l with
Mutual funds: Provide another source for borrowers to take out a home mortgage. Provide another source for borrowers to take out a home mortgage.
The federal government cuts spending on the purchase of new goods and services by $35 billion at a time when households are not spending 40% of additional income they receive.
Do workers of monopolies get paid more compared to employees who do the similar work in other industries that are not monopolies?
Why is the government so quick to regulate monopolies and potential monopolies? What are the major concerns and evils that arise from this market structure?
The Apollo Products Company currently collects all of its customer payments in Detroit. By going to a new lock box system with boxes in Los Angeles, Boston, and Atlanta, Apollo Products can reduce the total time it takes to convert customer paymen..
Assume government forced a minimum wage above what otherwise would be equilibrium wage rate for this segment of the labor market.
Sunrise Surf Shop is willing to produce 30 surfboards in the month if it can sell each board for $300. If it can receive $500 for each board, the shop is willing to manufacture 70 surfboards.
With the per-unit prices of broccoli (b) and pork rinds (r) equal to $2 and $1, a consumer, George, with an income of $1000 purchases 400R and 300B. At that point, the consumers MRS = 2r/1b.
What is the underground economy? What is the impact on the underground economy of instituting a tax on a certain productive activity?
Draw in the line showing the equilibrium-relative commodity price in isolation in each nation.
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