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What is meant by economies of scale? How can they be the basis for international trade? What is meant by the "new international economies of scale"?
Find the value of X such that they would be indifferent between the two cash flow profiles if their TVOM is 4.5% per year compounded yearly.
b. Calculate the aggregate social welfare in the competitive market c. Suppose Christmas tree suppliers get together to form a price-setting cartel (monopoly). What will price and quantity in this market be
Conclusion: Briefly restate the key points of your critical response to reinforce them in the reader's mind. End with a strong concluding line that nicely sums up your response or puts the issue in a larger context.
Consider a firm that produces military equipment. It employs 2,000 workers and pays each of them a competitive wage of $40,000 per year; its total labor costs are therefore $80 million per year. The firm also has other, non-labor costs of $30 million..
Joe has never trusted banks and always kept his money in cash. Joe pulls out his money jar, discovers that it has $20,000 in it, and decides it is unsafe to keep that much cash. Joe stops at the Local National Bank the following day, opens a check..
Would your price decision have any impact on train ridership?
Hillary can invest her family savings in two assets: riskless treasury bills or a risky vacation home real estate project on an Arkansas river. The expected return on treasury bills is 4 percent with a standard deviation of zero.
When might it be a bad idea to use the PPP theory in this way?
Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs. The rent of the building is $4,000, the cost of the two secretaries is $40,000, and the cost of electricity and gas comes to $5,000.
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested.1 The seller announced that the highest bid in excess of $10,000 will be accepted. Assume that the competitor's bid x is a random variable that is u..
A survey of an urban university (population of 25,450) showed that 870 of 1100 students sampled attended a home football game during the season. What inferences can be made about student attendance at football games
How can you tell at a glance whether the company is making or losing money at this price by looking at average cost?
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