Discuss what kind of economies of scale exists
Discuss what kind of economies of scale exists in funeral business? Why doesn't someone build one colossal funeral home and drive costs down further?
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Suppose that there are 2 identical firms in an industry, each forming the same good at the same constant marginal cost of $60. The Consumer Demand is given by:
Provide equivalence relation for the partitiion: B1 = {1, 3, 5}, B2 = {2}, B3 = {4, 6} for the set B = {1, 2, 3, 4, 5, 6}
Provide an example of a situation in which the outsourcing had a positive impact on an organization or the country or one in which outsourcing had a negative impact on the organization or country.
There is an office building with 91 stories. The building has the staircase which averages 22 steps for each story. How many steps would you climb to get to 91st story? Once you get there, you're 1285 feet off the ground.
Blake and Amanda have found a house, which owing to a depressed real estate market costs only $201500. They will put the $22000 down and the finance remainder with a 30-year mortgage loan from Bank of America at the 4.65% (compounded monthly).
Assume a consumer's preferences are represented by utility function U = MIN(X,4Y). The price of Y is PY = 2, and the consumer has income, M = 210.
John and Mary both have birthdays today. In three years, John will be 4 times as old as Mary was when John was 2 years older than Mary is today. If Mary is teenager now (13-19), how old is John now?
Suppose firm A wants to merge with the firm B for $7.5 billion. Before the potential merger, market for good produced by the firm A and B consisted of 5 firms. The market was highly concentrated, with a Herfindahl-Hirschman index of the 2,621.
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