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Suppose that a rock 'n' roll band produces "gigs" for which it gets paid $5,000 each (the going price). Suppose also that the band paid $10,000 for fixed equipment. The four "musicians" each demand $400 for each gig (treat as salary, as if they were other people). They pay set-up people $100 per gig. Electricity is not paid for. Assume that each musician could be earning $200 per gig if s/he would become a "portable disc-jockey". If the band produces 8 gigs, what is its economic profit?
What would be the potential leadership problems a Chinese manager at Lenovo might encounter as he or she moves into a senior management position at the firm’s new New York offices, where he or she will work with former IBM employees?
German unification involved massive expenditures for infrastructure in the east, as well as transfer payments to many former East Germans.
You and your boss are having a discussion about a changing supply factor for the good you bring to market. You manufacture widgets, specifically left-handed widgets for sale in the Maryland marketplace. Your boss has won awards celebrating her entrep..
Let's talk about the debt ceiling. What have you heard about it? What does it mean? What was all the fuss about a few years ago? What about the government shutdown?
Given the Demand and Supply functions: Draw the demand and supply curve. Identify Consumer and Producer Surplus in the graph. Find consumer surplus, producer surplus, and social welfare. The government sets a price floor Pf = 150. Is the price floor ..
A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a sample standard deviation of 12 seconds. When testing whether the mean transaction time is different from 60 seconds at the 0.05 significance level, choose the best co..
Keynesians claim that counter cyclical monetary policy is asymmetric in its effectiveness. Which of the following arguments is used by Keynesians in support of such an argument?
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
How would your answer to Part A change if economic growth is average and Petal Providers' net profit margin is 7 percent?
Do you think the industry environment is significantly dissimilar today.
My family in Portugal runs a “cakery” (it’s like a bakery where they only sell cakes). Since I care about my aunts making more money (faster), I keep telling them to raise cake prices. My aunts, on the other hand, tell me raising prices is a sure way..
A tax imposed on the supplier of Blu Ray players shifts
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