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Q1. Assume that the marketplace for sweaters is perfectly competitive. The graph below Explain how the cost curves of a typical manufacturer in the marketplace.
Use the blue rectangle (circle symbols) to shade the profit that the manufacturer makes at a marketplace price of $16.
Q2. The future value of a deposit in a savings account will be larger
a. the longer a person waits to withdraw the funds
b. the higher the interest rate
c. the larger the initial deposit
d. All of the above are correct.
Assume the cost of a can was $5.10. In this case, to maximize its profit the firm illustrated in the figure above would
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
Provide a rational for why you feel the new target market and pricing strategy would be successful and the likely impact to the profitability of the firm.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
Assuming fuel is one of the main inputs for many sectors. When a war breaks out in Country X, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
Customers arrive at an automated coffee vending machine at a rate of 4/min, following a Poisson distribution.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
Whenever you analyze your competitors, Illustrate what are the areas of greatest concern.
What does it mean to have an imperfectly competitive market. Clarify with examples.
Despite being globally branded, Unilever still tweaked the Dove campaign from country to country. Elucidate why did it do this. What does this tell you about national differences in consumer behavior.
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