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Artsy T-Shirts sells 100,000 shirts a year, priced at $14 each. The company can produce any number of shirts at a constant cost of $10 each. It is considering expanding its sales by lowering the price to $12.
What minimum increase in sales would be necessary in order to justify this expansion?
Firms that are successful sometimes take their profitability as a signal that they should expand. Why does this expansion sometimes get them in serious trouble?
Suppose your firm produces electricity by burning coal. Currently it buys central Appalachia 12,500 BTU per ton coal at the market price of $52 per ton.
q1. third national bank has reserves of 20000 and checkable deposits of 200000. the reserve ratio is 10 percent.
Assume that the skateboard industry is monopolistically competitive. Assume that skateboard manufacturers are earning short-run economic profits. At the profit maximizing price you identified in part a, would the typical firm’s demand curve be price ..
What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the two purchases?
Describe an industry that would meet conditions of a perfectly competitive industry and how individual firms would respond to an increasing market demand for product.
In the classical model if there is a decrease in capital stock, what are the effects on labor demand, real wages, and output? (Increase or decrease) What are the effects if population decreases?
Create a timeline of the annual activity of labor/management collective bargaining from 1978 through 2009, providing a short synopsis of mergers, new carriers and company departure from the air transportation sector. Highlight the areas of most impor..
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
The installed cost of a conventional electric hot water heater is $200. A family of four uses an average of 300 liters of hot water a day, which will require $350 worth of electricity each year.
More labor resources—What is the evidence for the United States and Japan? Look for Labor Force Statistics from the Current Population Survey and click the Most Requested Statistics icon. Find U.S. civilian employment data for the last 10 years. How ..
Which of the following markets is likely to be a monopoly?
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