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A new computer lets a phlebotomist complete a blood draw in 10 minutes. the supplies for each draw cost $4 and the phlebotomist earns $20 per hour, The phlebotomy lab is designed to accommodate 20,000 draws per year. its rent is $80,000 per year. What is the marginal cost of a blood draw? What principle does your calculation illustrate?
A 4-year annuity of eight $8,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a) If the discount rate is 14 percent compounded monthly, what is the value of this annuity five years from now? If th..
The relationship between Price elasticity of demand and Marginal Revenue can be shown to be: There are two types of customers that come to the Barnegat Fish Company to have their signature crab cakes: An affluent group with a price elasticity of dema..
A new good or service for an existing business or a business that you want to develop and how will you determine the profit-maximizing quantity?
trace the evolution of work on the laissez-faire doctrine through two arcs. first those theorists who are trying to
Cash versus Stock Payment [LO3] Penn Corp. is analyzing the possible acquisition of Teller Company. Both firms have no debt. Penn believes the acquisition will increase its total aftertax annual cash flows by $2 million indefinitely. What is the cost..
Explain each of the four components of GDP. An individual has 10$ million on deposit in a financial institution drawing interest. That individual has no reason to fear inflation or recessions.
Gina has the choice of two bonds, one that pays 5 percent interest and the other that pays 10 percent interest. Which of the following is most likely?
What is South Africa’s, attitudes and beliefs? Religion, material culture, language, organization of society, level of economic development.
What's the difference in Classical Economics versus Keynesian Economics? If the U.S. government decided to cut taxes, what impact would this have on the economy?
Examine in depth the four methods that the Federal Reserve uses to affect money supply. In each case, what must the Federal Reserve do to increase the supply of money? Which of these methods is most important?
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
For each of the following production functions, determine the returns to scale. Check to see whether diminishing returns for labor and capital exist for each function (Q = quantity, L = labor, K = capital) a. Q = 3L + 2K b. Q = (2L + 2K)1/2 c. Q = 3L..
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