Skilly Wigglers Fixed Costs $2 million Variable Costs $2 million Revenue $3 million Juniper Jumpers Revenue $5 million The accountants have assured us that there are no places to save money. We are at our profit maximizing quantities of each product. We are as efficient as any firm could possibly be, so do not just say lower costs or increase sales. Explain all your answers. […]
Question$30.00 Economics for managers, Second edition by Paul G. Farnham Q: Question 1:Please complete the missing values in the table. (The missing values have been identified as a,b,c,d,e,f,g,h,i,j) Total Variable Fixed Marginal Average Avg. Var. Avg. FixedOutput Cost Cost Cost Cost Cost Cost Cost a 30 – – – –1 b 5 30 5 35 5 302 60 d 30 f h 15 j3 c […]
t is estimated that over 90,000 students will apply to the top 30 M.B.A. pro-grams in the United States this year.a.Using the concept of net present value and opportunity cost, explain whenit is rational for an individual to pursue an M.B.A. degree.b.What would you expect to happen to the number of applicants if the start-ing salaries of managers with M.B.A. degrees remained constant butsalaries of […]
Prices of houses in Australian metropolitan cities, particularly in Darwin, Sydney and Melbourne, are on the rise in the last ten years or so, which is mainly due to surging land prices. It is in this context, answer the following questions: (a) Why is land price rising in the metropolitan cities? Explain what the major drivers of rising house prices in these cities are, particularly […]
FOR THIS WEEKS’S FOOTBALL ASSIGNMENT, WE ARE GOING TO FIND THE CORRELATION BETWEEN THE POINTS YOUR FOOTBALL TEAMS SCORED AT HOME AS OPPOSED TO WHEN THEY ARE AWAY. IT’S JUST ONE EQUATION, BUT IT TAKES A LITTLE WHILE TO DO!!! Line up your Home and Away Scores from LOWEST TO HIGHEST USE MY EXAMPLE and ESPECIALLY TABLE 6.4 AS YOUR GUIDE (page 142) FIND THE […]
I need answers for this question please on short run and long run equilibrium 7. Short-run supply and long-run equilibrium Aa Aa EL Consider a perfectly competitive market for steel. Assume that all ï¬Ârms in the industry are identical and have themarginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph.Assume also that it does not matter […]
Contractionary monetary policy is most likely to: decreases interest rates, raises investment, and increases income. decreases interest rates, reduces investment, and decreases income. increases interest rates, reduces investment, and decreases income. increases interest rates, raises investment, and increases income.
You decide to invest in the stock market for 6 years as you save for your kids to go to college. The stock you want to invest in is currently selling for $100 per share. Given that you need to earn 12% return on the $20,000 you have to invest today, what price are you expecting to sell the stock for in 6 years if […]
How would we compute the sample covariance of return status and employment status ? If possible please show me the whole process of how you would go about solving getting the covariance including the formula. Problem 3. Post Katrina employment in New Orleans. The following table has information about home location and employment status of NewOrleans residents taken from the US. Current Population Survey in […]
The market for lobsters is perfectly competitive. Total cost for a firm that harvests q lobsters is given by TC = 800 + 1q2. The market demand for lobsters is QD = 2000 − 5P. 1. 2. 3. 4. Find the output by each firm, the market price and the number of firms in operation when the market is in long-run equilibrium. Suppose now that […]
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