Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > HR Management Posted 26 Oct 2017 My Price 4.00

start-up costs of facto-ries,

Suppose that fixed costs for a firm in the automobile industry (start-up costs of facto-ries, capital equipment, and so on) arc S5 billion and that variable costs are equal to $17,000 per finished automobile. Because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifi-cally P = 17,000 + (150.1/4), where n represents the number of firms in a market. Assume that the initial size of the U.S. and the European automobile markets are 300 million and 533 million people, respectively.

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Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 07:10 PM My Price 4.00

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