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Market Demand is given as Qd=75-P. Market supply is given as Qs=3P+15.Each identical firm has MC=3Q and ATC=1.5Q. Calculate the firm's profit.
Address what inflation is and how it is measured. Then, discuss the role it plays in our economy and list some specific strategies that can be used.
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $65,000 and her store made $130,000 in profits (not counting payment to her top manager). Assuming the ch..
It has been said that “prices are like giant neon billboards that flash important information.” Describe the type of information that market prices provide.
You are down on your luck and need a loan, quick! You locate Mr. Loa N. Shark who advertises weekly loans for “an almost imperceptibly small rate” of only 2.0%, prepaid at the time of the loan. How much weekly interest are you really paying? What is ..
______The term used to refer to the raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is
A pizza shop owner wishes to find the 95% confidence interval of the true mean cost of a large plain pizza.
Do a Library search for an articles about Robert Merton's Structural Strain Theory. This theory talks about the kinds of responses that one might expect when the "normal" legitimate means to acquiring the "good" stuff in life is blocked. The block ca..
Four international transactions are listed below. For each, determination whether it is a credit or a debit in the U.S. balance of payments, and whether
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetratio..
A portfolio has an average return of 12.4 percent, a standard deviation of 15.8 percent, and a beta of 1.35. The risk-free rate is 2.6 percent. What is the Sharpe ratio? Your portfolio has a beta of 1.17, a standard deviation of 14.3 percent, and an ..
Elucidate the common kinked-demand model. In the oligopolist's marginal-revenue curve, elucidate the reason for gap. In this model explain how does price rigidity in oligopoly.
Suppose, as in the federal income tax code for the United States, that the representative consumer faces a wage income tax with a standard deduction. That is, the representative consumer pays no tax on wage income for the first x units of real wage i..
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