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Calculate the elasticity of supply when an increase in demand causes the equilibrium price and quantity to change from $2.00 and 500 to $2.80 and 1,000, respectively.
Name at least one reason why an insurance company might set a deductible. Explain when can forcing everybody to buy full insurance at market rates help everybody?
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
Is this projected outcome consistent with the law of demand? What is the price elasticity of demand associated with this pricing decision? Should you increase the price?
Illustrate what is the effective rate of protection on the process of turning corn into ethanol.
Illustrate what is the theoretical differences between ordinary demand functions and compensated demand functions.
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
If sales fall by 20 percent from 1 million papers per month to 800,000 papers per month, what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these cost.
What is marginal rate of substitution between flour and rice. What is amount of rice and amount of flour he should be consumed to maximize his utility.
suppose demand and supply are given byqxd 7- 12px andqxs 14px-12bull determine the equilibrium price and quantitybull
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
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