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As manager of Citywide Racquet Club, you must determine the best price to charge for locker rentals. Assume that the (marginal) cost of providing lockers is 0.
The monthly demand for lockers is estimated to be: Q= 100-2P where P is the monthly rental price and Q is the number of lockers rented per month.
a. What price would you charge?b. How many lockers are rented monthly at this price?c. Explain why you chose this price.
Elucidate explain why after such unprecedented economic growth, technical advance economies still experience economic cycles and stagnation.
Illustrate what is the difference between a movement along and shift of the demand curve and supply curve. How does a surplus or a shortage of a good or service affect the market price.
Suppose You are a manager of a small US company that sells nails in a competitive market the nails are a standardized commodity,
Explain why would this be described as a Prisoner's Dilemma game.
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Illustrate what Information do you require to perform a marginal analysis to identify the profit-maximizing output.
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
Write down to one paper on John Maynard Keynes the paper will follow proper MLA format and bibliography.
Suppose your telephone plan charges you $25 per month plus ten cents per minute for long distance calls. Write an equation that describes your monthly telephone account.
Discuss the evolution and responsibilities of the Federal Reserve System. What circumstances promulgated both the development and composition of the system.
In the US, steel production has remained constant since the 1970s at about 100 million tons per year. Large integrated companies, like United State Steel, remain important in the industry, but roughly 50%.
Utilizing the midpoint formula, elucidate the price elasticity of demand for Coke at these prices.
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