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Your richrelative died and left you $100,000, which you decided to use for your own Internet business.
What will be your fixed and variable costs? Briefly discuss.
As a farmer, you must decide how many times during the year to plant a new crop. Also, you must decide how far apart to space the plants.
Will diminishing returns to be a factor in your decision making? Briefly discuss.
How does having a menu that is uniform around the country provide McDonald's with economies of scale? Briefly discuss.
Why is it necessary for all economic system to not only provide poepl with goods and services but also restricts them from getting as much of these goods and services as they wish?
Explain why a firm should continue to operate in the short run so long as market price is greater the firm's average variable cost at the profit-maximizing level of output.
When the productivity index is moved from 0% to 25% Total product increases and the marginal cost decreases. Can someone explain to me why this happens?
Like supermarkets, full-service department stores like Macy's are generally in decline. What factors might these types of stores have in common behind their declines How would you determine which were important and which were not
Daniel is a diligent student who loves getting A's. But he also loves watching movies. Daniel is awake for 100 hours each week, and studying and watching movies are his only two activities. Daniel must study for 20 hours per week for each A he ear..
Provide a graph of the Solow model, indicating the position of the golden rule level of saving (SR), and explain why it is preferred.
National income is initially at its equilibrium level when desired investment falls and a fall in national income, but not by as much as the fall in desired investment
How much can Jack consume this month, if he consumes his whole income from this month, and borrows against the whole income next month? Similarly, what is most that Jack can consume next month?
Describe the current general interest rates. Is the current interest level one that promotes or retards growth in the economy.
Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and maintain separate record keeping syste..
The global economy in 2011 appears to be headed into a double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.
In a monopolistically competitive marketplace, a firm has market power because it produces a differentiated product. This means that the firm earns positive economic profit in the long run.
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