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Johnny Rockabilly has just finished recording his latest CD. The organization can produce the CD with no fixed cost also a variable cost of $5 per CD.
A) Find total income for quantity equal to 10,000, 20,000 also so on. Illustrate what is the marginal income for each 10,000 increase in the quantity sold?
B) Illustrate what quantity of CDs would maximize profit? Illustrate what would the price be? Illustrate what would the profit be? C) If you were Johnny's agent, illustrate what recording fee would you advise Johnny to demand from the record organization? Why?
How might oligopolistic increase total revenue without changing prices.
Explicate which among the policies is most effective and least effective for this nation.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
Offering group medical coverage to large firms and requiring all employees to participate in the coverage.
What would the' peso- dollar exchange rate be if purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose.
On aggregate demand does fiscal policy have a strong impact. Explain the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand.
Sheila budgets $9 per week for her morning coffee with milk. She likes it only if it is prepared with 4 parts of coffee and 1 part milk.
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
The Wilson Company's marketing manager has determined that the price elasticity of demand for its products equals.
A young physician makes $180,000 per year with an annual salary increase of 2%.
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