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In the long run, which of the following outcomes is most likely for a firm?
a. Zero accounting profits but positive economic profits
b. Zero accounting profits
c. Positive accounting profits and positive economic profits
d. Zero economic profits but positive accounting profits
Assuming that this firm has positive fixed costs, did the firm earn economic profits, economic losses, or zero economic profits yesterday?
What level of excess reserves does the bank now have?
Stephen Zehnder, an enterprising engineer, wants to get into business. He is looking at the following two alternatives. He has compiled the cost data for both alternatives as shown in table below. If Stephen wants to have at least a rate of return..
Consider a population consisting of two types, "cooperators" and "defectors." Each individual interacts with a randomly chosen member of the population. When two cooperators interact, each earns a payoff of 6.
The demand curve for product x is given by Qx^d=460-4Px a.)Find the inverse demand curve. b.)How much consumer surplus do consumers receive when Px=$35 c.)How much consumer surplus do consumers receive when Px=$25
Children in the United States account directly for $ 36 billion in sales annually. When their indirect influence over product decisions is considered, the total economic spending affected by children in the US is $ 290 billion.
The Licorice industry is competitive. Each firm produces 2 million strings of licorice per year. The strings have an average total cost of .20 cents each and they sell for .30 cents.
If the velocity of circulation is growing at one percent a year, the real interest rate is two percent a year, the nominal interest rate is seven percent a year, and the growth rate of real GDP is three percent a year
greener grass company ggc competes with its main rival better lawns and gardens blg in the supply and installation of
Construct a base-case spreadsheet model to help analyze different order quantities. The primary output of interest is the total annual inventory-related cost, comprising total ordering cost and total holding cost.
Price of copper plunges 5.6 % after hope for a quick resolution to Europe's debt crisis faded. Investors are concerned that signs of slower growth in Europe, the US and china could weaken for the industrial metal.
Suppose that the market for cigarettes in a particular town has the following supply and demand curves: Qs = P; Qd = 50 P with quantities measured in thousands of units. Suppose the town council needs to raise 300 000$ in revenue
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