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You sell bracelets online. The demand for these bracelets is:
P=120 - 2Q
The bracelets cost $2 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $6 in profit.
At what price should you sell the bracelets?
Describe the dominant characteristics of the industry (military) in which your company operates, addressing the following questions: Who are your main competitors? Are they significant barriers to entry? What is your company’s market share? What is t..
Suppose your nominal income in 1995 was $24,000. Suppose, too, that the Consumer Price Index for 2012 was 2.5 and that the base year for this index was 1995. How much nominal income would you need in 2012 in order to match the spending power of your ..
Present alternative definitions of sustainability. Give examples for each definition. Discuss the relationship between dynamic efficiency and sustainability. Analyze diagrammatically the effect of price ceilings on the market for natural gas utilizin..
If a hospital decides to raise prices because it needs more money, what effect does this have on patients who pay their own bills/ patients with insurance/ hospitals with insurance contracts that reimburse on the basis of costs/ hospitals with previo..
Which of the following tools has not yet been used to constrain growth in hospital costs? Economies of scale. Payments to hospitals from private insurers can be characterized as having reached which stage of a typical financial reimbursement cycle? ..
A forklift can be purchased for $30,000. The market value of the forklift decreases by 20% of the previous year’s value for 2 years, and then by 15% in years 3 through 10. Maintenance is $400 in years 1 and 2, and then jumps to $750 in year 3. After ..
Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
Suppose that a company invents a better machine for mixing the ingredients to make chocolate candies. What would happen to equilibrium price and quantity in the market for Godiva chocolate? Be able to draw the graph that illustrates your answer.
Show that consumer surplus when the monopolist innovates is lower than the consumer surplus that obtains when the entrant innovates.
Assume 200 videotapes are rented when the price is $4. If the price drops by $.80, the number of videotapes rented increases to 220. Which of the following statements about the non-arc price elasticity of demand is true.
how should she reallocate her expenditures between the two goods
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