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Suppose that a firm that is expanding its output has a very large total fixed or sunk cost. What will happen to its average total cost as it expands output? Can you think of any firms or industries in which this is likely to happen?
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
Determine the conditions of perfect competition. Name each and describe with an example how the real markets can violate one of more of these conditions.
Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Two successful company's are observed with quite different compensation plans for their salespeople. One company pays its salespeople on a commission basis,
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Is innovation increasing or decreasing. Is the productivity of workers increasing or decreasing. Ellucidate what rewards exist for a company to be first with an innovation.
Use the Expenditure Equation for GDP.find the values for each sector for the years 1929 or 1933. Determine the percentage change for the two years.
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
Determine the firms optimal advertising-to-sales ratio and if the firms revenues are $50,000, what is its profit-maximizing level of advertising?
Provide the key provisions of the tax cuts passed through Congress in spring 2003 and explain how would these tax cuts be represented by the aggregate expenditure model and the IS curve
Illustrtae what will equilibrium GDP equal if taxes decrease 200? Why are the results different.
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