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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?
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.
How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of stell consumed, and the quantity of steel exported. how does it affect consumer surplus, producer suprlus.
The marketplace demand for a type of carpet produced by a monopolist known as KP-7 has been estimated
Explain why is the law of supply and demand in applicable without a ceteris paribus assumptions.
demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
How will this affect the firm’s profit maximizing use of coal and output? d) What is the advantage and the disadvantage of placing a tax on the burning of coal to reduce global warming?
Identify and explain five major factors that affect the demand for starbucks. Illustrate what do you think will happen to these factors over the next year.
What are monopolist's profit maximizing output and price. What is resulting deadweight loss relative to competitive outcome. Suppose government levies a specific tax of $5 per dose on monopolist.
a farmer has a production function fl where the input is capital l. the cost of this loan is l1i. the farmer also has
This project will replace some existing equipment which currently has a book value (BV) of $200k and an estimated market salvage value of $375k. The new project will require new equipment costing $2.0 M, which will be depreciated straight-line to ..
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