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The California Instruments Corporation, a producer of electronic equipment, makes pocket calculators in a plant that is run autonomously.The California Instruments Corporation, a producer of electronic equipment, makes pocket calculators in a plant that is run autonomously. The plant has a capacity output of 200,000 calculators per year, and the plant's manager regards 75 percent of capacity as the normal or standard output. The projected total variable costs for the normal or standard level of output are $900,000, while the total overhead or fixed costs are estimated to be 120 percents of total variable costs. The plant manager wants to apply a 20 percent markup on cost. What price should the manager charge for the calculators?
What was the Neolithic Revolution. Explain
The cost of labor goes down, the profits of firms will increase, and short-run aggregate supply will shift to the right.
Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.
The monopolist has a constant marginal and average total cost of $50 per unit.than find the monopolist’s profit-maximizing output and price.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts di..
Graph the budget line and add the indifference curve for the following situation and also graph the demand curve based on the given information
Do you believe in the idea that governments should run surpluses in good years only to spend their way out of a recession in bad years Why do we often see government revenues and spending change when we are in a recession. Why or why not
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the c..
Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard. Suppose the money ..
What is the welfare loss in the labor market compared to the case where the engineer labor market is competitive?
Employee benefits have become more and more an important part of employee compensation. According to the text, what percentage of employee compensation is employee benefits?
Demonstrate how an increase in personal and federal income taxes ultimately affects Bank of Canada's balance sheet.
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