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Allison's Auto Art is a company that applies pinstripes to vehicles. Allison's cost for a basic 1-color pinstriping job is $35, and she charges $95 for this service. For a total price of $175, Allison will apply a fancier 3-color pinstripe application to an automobile, a service that adds an additional $40 to the total cost of the package. Should Allison continue to offer the 3-color pinstripe application?yes, she still makes a profit by selling the 3-color application.yes, but only if she lowers the price of the 1-color applicationno, her marginal benefit is less than her marginal costMore information is needed for Allison to make this decision.
Suppose the demand for total snuffbox production is given by Q = 1,100 – 50P. What will be the equilibrium in this marketplace.What will each firm’s total short – run profits be.
Label the substitution and income effects.
You are the manager of Local Electronics Shop (LES), a small brick-and-mortar retail camera and electronics store. One of your employees proposed a new online strategy whereby LES lists its products at Pricesearch.com
A newspaper wants to test if the average rent paid by students has increased from last year's average of $430 per bedroom. A random sample of 36 off campus students gives a mean of $457 with a standard deviation of $63.
Choose one company from the market structure of monopolistic competition and one company from oligopoly. State which characteristics fit and make these market structures fit to the description.
Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 ? What is the long-run total cost function when r = 4 and w = 36?
what is the role of the u.s. government in terms of dealing with the problem of income inequalities? what are the
Suppose that the price of good X rises and the price of good Y falls in such a way that the consumer's new optimal consumption bundle lies on the same indifference curve as his old bundle. Graph this situation. Compare the quantities demanded be..
During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.
what is the concentration ratio for the industry x and y.number of firm ----industry x ------ industry y1
the village of pescatore is situated next to a medium sized lake in which citizens can fish from privately owned boats.
If a price taker raises its price above the market price,
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