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2. A company produces output with a constant marginal cost MC = 2. Its output is consumed by two types of customers "a" and "b", with demand functions:Pa = 10 (1/10) QPb = 18 - (1/5) Q, respectively.2.1. Calculate marginal revenue for each market.2.2. For each market, graph demand, marginal cost and marginal revenue, and show equilibrium prices and quantities.2.3. Numerically find prices and quantities for each market.
Elucidate what could Coca Cola do to mitigate any undesirable effects of business cycles.
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Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
Compute the elasticity of demand for every parameter.
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All semester we have been tracking the economy to discern where it currently resides along the business cycle and where it seems to be headed over the next 6-9 months.
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Compute the velocity for the two countries in 1985. Explain why do you think the velocity was so much higher in Brazil.
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