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Last year, a toy manufacturer introduced a new toy that was a huge success. The company invested $2.5 million for a plastic injection molding machine (which can be sold for $2 million) and $100,000 in plastic injection molds specifically for the toy (not valuable to anyone else). Labor and the cost of materials necessary to make each truck is about $3. This year, a competitor has developed a similar toy that has significantly reduced demand for the toy truck. Now the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is 100,000 trucks, what is the breakeven prices for the toy trucks? Should you shut down?
What should be the role of the tax of accountant in the organization decision making process.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
Each organization manager's performance was evaluated yearly in relation to the specified multiple goals.
Identify major cross-cultural issues that may impact the American company's marketing approach in this situation and provide a precise description of how the identified issues may impact the approach American company takes.
Find the proportions of consumption spending and investment spending in US GDP. What proportion of US GDP is comprised of wages. The information can be found at the BEA website.
What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? Explain law of demand with the help of a demand schedule and demand curve.
what is likely to happen to the curve if wage indexation becomes more widespread? Illustrate your answer on the graph.
How would multiplying a positive constant to a linear demand function affect its own-price elasticity of demand? In particular, how would the elasticity of demand of \(Q_{x}=a+bP_{x}+cP_{y}+dI\) at a point compare with the elasticity of demand..
You do not like this as it will be possible for the large money center banks in Washington, Las Vegas to open branches in your banks geographic market area.
Consider a market where supply and demand are given by QXS = -14 + PX and QXd = 91 - 2PX. Suppose the government imposes a price floor of $42, and agrees to purchase any and all units consumers do not buy at the floor price of $42 per unit.
What are the main differences among microeconomics and macroeconomics. What factors contributed to making that decision.
Assume that the graph on the next page illustrates the marginal, average variable and average total cost curves of a typical coffee grower-Assume that the current market price at the wholesale level is $5 per pound. How much coffee will this typica..
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