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Assuming that Dilbert continues to have access to his company’s valuable technology trash, can Dilbert argue that his job is especially lucrative because he can sell the old power cords and other “trash” for an added income stream above his paid salary? Assume that the accumulation of sold trash has substantial market value and Dilbert is in a perfectly competitive labor market. Explain. Hint: Start by asking what profit level does the word lucrative imply?
The type of planning conducted on a long-range basis by top managers is usually called
Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
Do you think the industry environment is significantly dissimilar today.
A corporation is considering spending $3 million for a new stamping press which will save $550,000 per year (repairs, downtime, etc.) over its 7-year life. At the end of seven years, the machine could be sold for $1.8 million. An alternative is to sp..
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
Assume Elinor works in period 1 and earns an income of 100. She is retired in period 2 and lives off her savings. She can save this period 1 income or spend it on consumption. How much will Elinor have to live on in period two if she spends NOTHING i..
Suppose that inflation in Australian was expected to equal 6 per cent in 2015, but prices rose by only 3 per cent. How would this unexpectedly low inflation rate help or hurt each of the following?
Recall our example of an investment of $100,000 in research that yields a pioneering invention that has no commercial value, and a subsequent investment of $50,000 in development that yields an improvement that has commercial value of $1 million. In ..
A person signs an agreement to offer personal services over a period of five years. The company that hires him, offered to pay him an advance of $30,000 for his professional services at the moment of signing the contract and five additional payments ..
World population is doubling in about every 30 years. what is the annual % growth rate? What is the exponential growth factor? Assuming 2% of the world's coal reserves have been utilized, how many doubling periods will it take for a 40% depletion of ..
calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP, and the price level. What is the value of the GDP deflator in 2002?
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