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The local apple stand sells apples for 50 cents each. They raise their price to 75 cents. The store was selling 100 apples a day but now they sell 50 apples a day. Calculate total revenue before and after the price change. List both answers i.e. before the price change total revenue and after the price change total revenue.
A heat exchanger cost $7500 in 2005 and must be replaced soon with a larger unit. The present unit has an effective area of 250 feet and its replacement should have an area of 350 feet. Replacement is anticipated in 2015 when the price index is estim..
If you expect the annual inflation rate to be 12 percent next year and a one-year bond has an expected annual yield of 7 percent, then the real annual interest rate on this contract is ______.
Explicates how the factors determining resource demand differ from those determining product demands.
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
Illustrate what is the expected return of the remaining portion of Peggy's portfolio.
Which of the following markets is likely to be a monopoly?
Wadjase Corp prepared a master budget that included $17,800 for direct materials, $28,000 for direct labor, and $15,000 for variable overhead, and $38,700 for fixed overhead. Wadjase Corp planned to sell 4,000 units during the period, but actually so..
When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases.
Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the ..
In the long run, if the demand curve of a monopolistically competitive firm is tangent to its average total cost curve then
The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. Elucidate deadweight loss from the tax.
Discuss how the two alternatives listed differ on the public-private continuum. Also describe how appropriate public policy might differ as the industry moves.
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