Briefly state the pros and cons of Partnership
Briefly state the pros and cons of Partnership?
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Easy to organize; greater specialization of management; and greater financial resources.
Financial resources are still limited; unlimited liability; possibility of disagreement among the partners; and precarious continuity.
Give a brief introduction of the term Timing Principle?
Q X= 600- 6PX + 20I +0.4PY c. Suppose PX increases by 10%, by what percentage would sales decrease? Explain how this price increase affect total revenues from good X.
What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
Question: Scenario: You have been hired as the economics adviser for the newly elected State Premier. On your first day, the Premier introduces you to the new Minister for Health
Cost of debt= (1-tax rate)* interest rate * (debt ÷capital employed)Cost of equity = risk free rate + market premium (equity shareholders funds÷ capital employed)
Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
Illustrates how hard it is to define what is “American made” in today’s global economy?
Question: You are given the following data about two firms: FIRM A Quantity 0
Newspaper item: “Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use th
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