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1. Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week?
2. How do you explain economies of large-scale production? Why do certain business, such as cigarette manufacture, seem to enjoy them, whereas other business, such as barbering, do not?
3. Compare the situations of a farmer selling his wheat crop and an auto company executive selling his car "crop." What are the major forces that bear on each, when it comes to pricing the output?
Suppose you were provided a gift of a gold mine that generates $1,000 of net income every year, indefinitely. And suppose equilibrium rate of interest is 5 percent. Illustrate what is present value of that gold mine.
How will each of the following affect the supply for insurance?
On Friday nights, patients arrive at the emergency room at Mercy Hospital following a Poisson distribution at an average rate of seven per hour. Assume that an emergency-room physician can treat an average of three patients per hour and that the trea..
The numbers on this spectrum represent the number of voters lying to the left of the number.
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. what price and quantity of computers shoul..
Elucidate Congress is considering reinstating a 10% investment tax credit in order to stimulate the economy.
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
Do you recommend this strategy based on the information he has obtained
Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.
q1. marital sorting and income inequality. how have marriage trends widened the gap between low-income and high-income
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others?
Discuss the influence of taxes on the results of the above analyses. Elucidate how do taxes influence the before-tax cash flow compared to the after-tax cash flow results.
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