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If a person is selling apples in a perfectly competitive market with a price of $2 per pound , what is total revenue and marginal revenue at the 100th pound.
The following table represents the costs of five possible sellers. Refer to Table 7-16. If each producer has one unit available for sale, and if the market equilibrium price is $70, how much is the combined total cost of all participating sellers in ..
Assume that there is an increase in demand, ceteris paribus. Compared to the initial long run equilibrium, which of the following statements is true?
Why do you think a firm would pay its workers (office, warehouse, etc.) above-market wages?
Explicate how these projected deficits will affect the US Stock and bonds. Could you explicate briefly this question thank you.
Management of Mr. Taco has completed a study of weekly demand for its “old fashioned tacos” in 23 regional markets. Estimate the weekly sales for the typical Mr. Taco outlet. Calculate the price elasticity of demand for Mr. Taco’s “old fashioned taco..
From a development/business standpoint, sustainability has been defined as the triple bottom line which includes consideration of economic, environmental and social factors. Is this sufficient? What are the strengths and weaknesses of the triple bott..
In general, RISC computers can execute instructions faster than complex instruction set computers. What is the trade-off that designers make for the extra speed
Suppose, Worker 1 has a reservation price of 41 cents; worker 2s reservation price is 42 cents; worker 3s reservation price is 43 cents, and so on. There are 150 jobs in firms without air purification systems, and this number is fixed. Thus, the dema..
Suppose that you are a borrower with a project that has a rate of return of 6.8%. You submit a bid to borrow $1,000 at an interest rate of 5%, and a lender accepts your offer. After you fund your project and pay back your loan, what is your gain or l..
A college student has $55,000 in student-loan debt at the end of her senior year. The interest rate on this debt is 0.5% per month. If monthly payments on this loan are $913, how many months will it take for her to repay the entire loan? The first pa..
What are the effects of multiple group memberships and saliency on one's social identity?
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