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Wendy's Window Cleaning is a small local operation. Winnie presently cleans the outside windows in her neighbours' houses for $36 per house. She does ten houses per day. She is incurring total costs of $420, and of this amount $100 is fixed. The cost per house is constant.
(a) What is the marginal cost associated with cleaning the windows of one house - we know it is constant?
(b) At a price of $36, what is her break-even level of output (number of houses)?
(c) If the fixed cost is ‘sunk' and she cannot increase her output in the short run, should she shut down?
When writing about the Court, cite at least three cases that illustrate what the Court was thinking
Suppose Jean Splicer, an investor, buys $100,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $108,000. If the value of the CPI at the date of Jean's purchase was 160, and rose by t..
Evaluate whether management's controls operated effectively.
Compute the discount factor 1/(1+r)^t for r=1, 5, or 10 perent interest rates and t=30 and 50 years. remember that 1 percent is .01. based on your computation, is teh choice of discount factor important for deciding whether to do somehtinga bout g..
b. What is the relationship between good X and Y (i.e. whether they are substitutes or complements) c. With the aid of a well-labeled diagram, show what happens to equilibrium price and quantity of good X, if the price of good Y increases.
Use your direct demand function to construct an equation and column for TR. What is the total-revenue maximizing price and quantity, and how much revenue is earned there? Compare that to the TR when P = $83 and P = $70.
find an article in which either fiscal or monetary policy makers were describing their goals of maintaining stable prices, full employment, and adequate economic growth over time. Which goal was the most important at the time your article was writ..
The coefficient of determination for a regression relationship defined through Y = a + bX is 81 percent.
Calculate the net cumulative change in aggregate expenditure if taxes were cut by $200 billion and MPC is estimated to be .75. What if government expenditure was increased by $200 billion
Calculate the initial values of the variables listed in the first column and fill in column B.
Joe, the owner of Super Taco, has historical sales info from recent price changes. Joe is certain no other demand factors, such as compeitor prices or consumer income, have significantly changed.
Assume the following values for Figures 5.4a and Figures 5.4b. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45 per bag. The price at a is $85 per bag. The price at c is $5 per bag. The price at f is $59 per bag.
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