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Suppose that you have a business in which you hire five workers, to whom you pay $4 an hour. Suppose further that you have overhead costs of $100 a day and that you pay $1 in materials cost fo each item that your business manufactures. Assuming that you keep all five workers, what is your average cost per unit of output if your plant turns out 10 items per 8-hour day? 100 items? 1,000?
Why did Japan's export based economic groth stall in the period 1990-2012? In particular, focus on the differences between the modern
Assume that before the price of X2 fell, Fred had exchanged all of his inheritance of X1 and X2 for money, planning to use the money to finance his purchases later, explain how much of X1 & X2 will Fred consume after P2 fell to 1.
The classical dichotomy and the neutrality of money. Which of the following give the nominal value of a variable? Check all that apply. Which of the following give the real value of a variable?
bananas can be produced. Between these points. Illustrate what is the opportunity cost of producing a pound of apples.
The price elasticity of demand for Stork ice cream is -4. Suppose you're told that following a price increase, quantity demanded fell by 10 percent. What was the percentage change that brought about this change in quantity demanded?
Elements of fiscal policy that move the budget toward surplus as the economy expands and toward deficit as it contracts are called ________.
Manuel%u2019s uses a 4-year planning horizon and a 10 percent per year MARR. Based on an internal rate of return analysis, which ERP system should Manuel purchase?
For this assignment, you should first complete the following tasks: Build a 90% complete profile on LinkedIn. Make a list of people who could serve as a professional mentor or career coach for you. -Describe the role that networking can play in your ..
If the EU and the United States continue to trade what do you think will characterize goods which the EU exports to the United States and the goods that the United States exports to the EU.
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
Comparing the situation of a nominal interest rate of 10 percent and an inflation rate of 9 percent with a nominal interest rate of 6 percent and inflation rate of 2 percent, consumers would borrow more in which situation?
Who gets scarce resources in a market economy?
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