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In a particular period, manufacturer M makes and sells 109,000 units of product P. It sells product P at a selling price of £29.50, and makes a profit of £204,750. It has variable costs of £19 per unit of product.
Calculate the break-even point in units per period.
Utilizing the supply and demand model, explain what would happen to the supply curve during a drought. Also explain the affect on the price of water.
Ricardo believed that the target of economic analysis was to understand the distribution of income between three major classes: capitalists, workers, and landowners.
Discuss the Neoclassical and New Growth theories and then identify and discuss those characteristics features of the small developing island economies of South Pacific that pose obstacles to their economic growth.
Show the effect that reducing protection on imports will have on factor prices. Show the effect of reducing protection will have on factor prices.
Consider that an entrant's ability to enter a market is fought, with the possibility of withdrawing from the industry (at a loss of 1 for the entrant and a gain of 8 for the incumbent), or staying (at a loss of 5 for each player).
1. the demand and cost curves for a monopoly firm are as followsq nbsp 750 - 5ptc 2000 70qtc q x ptc qp 2000
According to economic growth theory, the level of the GDP and the rate of the real GDP growth rate have different economic implications about the economic well-being of a country.
Using the following demand schedule and a graph sheet plot the demand and supply curves? Also, show the market equilibrium point on the graph. And what is the market equilibrium quantity?
You are manager of College Computers, a manufacture of customized computers that meet the specifications required by the local university. College computer is not the only firm that builds the computer to meet the university's specification.
Describe the lower price alter the marginal utility you originally placed on the item.
hotel bethlehem implements a block pricing scheme for nights in a hotel room. they face inverse demandp 260 -qdthe
Consider two firms X and Y produce identically tasting cold drinks. In order to increase the demand for its cold drink, firm X increases its advertisement outlay. However the advertising doesn’t increase its demand in the long run. Explain why this m..
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