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A perfectly compeitive market has 11 identical firms. The 11 firms have marginal cost of: MC = 2.6q + 5.4 Market demand: 59 - 4.5P
Calculate the quantity sold in the market. (Round you answer to one decimal place.}
Use an interest rate of 8% per year to determine what the equivalent annual benefits must be to ensure a B/C ratio of at least 1.0.
Perhaps the best way to ensure that the concepts are covered is to organize the paper by topic: 1) demand, 2) supply, 3) price elasticity, 4) cross elasticity, 5) income elasticity, 6) supply elasticity.
discuss its price elasticity and income elasticity. Explain how much control might an organization have over pricing based on a product's elasticity.
What types of energy/fuel did you use including any alternative sources of energy - What was the purpose of the energy/fuel use?
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
some states are required to balance their budgets. is this measure stabilizing or destabilizing? suppose all states
Given the data of real disposable income and real consumption, draw consumption function, determine the slope-What is the marginal propensity to consume?
What is the implication for the expected value and standard deviation of the returns on your portfolio if you invest in N (instead of only 3) of these assets and N becomes very large?
This year the owner, who had invested $1 million in the club, decided to close the club. what can you say about economic profit and the rate of return in the nightclub business.
What is an exchange rate? What is the exchange rate currently for the US dollar and the euro? for the dollar and the yen? for any other currency of your choice?
Why is an exporter that is to be paid in six months in a foreign currency worried about fluctuating foreign exchange rates?
Assume the Fed's Beige Book reported that in South Florida, bookings for the summer tourist season were off to a slower start than last year
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