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Q. Zach withdrew $400,000 out of his personal savings account and used it to start his new cookie business. Bank account pays 3 percent interest per year. During first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also during first year, cookie business made monetary outlays of $9,000. You may assume that re is no opportunity cost to Zach's time. What is economic profit and accounting profit?
Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome.
In case of conflicting IP rights, could firms bargain to attain efficient outcomes. Is re room for entry if consumer welfare is not being served.
Using specific examples, relate the concepts of Cross Elasticity and Income Elasticity to this product.
Explain the types of incentives for providers for efficiency in the delivery of healthcare services.
Illustrate what impression do you have of multinational firms that have operations in multiple countries.
A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2
If MMM's capital structure consists of 25% debt and 75% equity, stated in total funds, what is the WACC break point that is associated with retained earnings
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
Compare also contrasts the continuous current account deficits of the U.S. with the continuous current account surpluses of Japan.
The government is allowing for emergency procedures to aid suffering chocolate addicts.
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