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Topic 1 Discussion topic: Your Own Business
Assume that you are going to start a small business of your own.
Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:
What costs you would incur;
What competition you might experience;
How you would determine the price you would sell your product; and,
How much product you would produce?
Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5 year period, the costs associated with one product line were as follows: first cost of $30,000 and annual costs of $18,000. Annual revenue was $27,000, and the used equ..
Suppose re are 300 of young in some period t. n, how many good are paid to government for tax in this period. In period t, how many good can each old person get and consume.
q.assume that the price elasticity of demand for cigarettes is .46 in the short run and 1.89 in the long run the income
Explain how much he finishes up paying each provider every month. Explain how much customer extra he obtains with each provider.
Elucidate why does sex discrimination seem to persist on Wall Street in spite of the negative publicity of lawsuits and monetary costs of settlement.
Explain by how much did GDP increase in 2007 and 2008 because of these transactions.
Explain why is it important to take into account changes in the participation rate and in the ratio of full to part time employment in assessing the economic and social impact of changes in the unemployment rate.
For a competitive firm facing a market price above average total cost, the existence of economic profits means that the firm should increase output in the short run even if price is below marginal cost.
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the CI.
q1. an average department store sells 350 mens suits every year. the mens suit departments at a particular national
He plans to marry at about the end of year 6 and will skip the investment contribution that year. How far below or above his $300,000 goal will he be?
why do points on a utility possibility curve represent efficient allocations of resources? why must the utility
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