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Which of the following would cause the supply of cat food to increase?
a. A rise in the price of cat food.
b.An increase in the demand for cat food.
c. New and cheaper sources of fish, a principle ingredient in cat food.
d. An increase in the number of buyers of cat food.
e. All of the above are correct.
Hot chocolate is made from chocolate syrup and milk. Using a separate supply and demand graph for each question, please show the effects of the following events on the market for hot chocolate (please specify the change in demand, supply and the equi..
Diesel fuel is a major input for independent truckers. What would you expect to happen to the profits of independent truckers and the number of films in the industry as the price of fuel rises and falls?
A drug company has a monopoly on a new class of eye drops. The market demand is given by P=200-0.03*Q, and thus MR=200-0.06*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
Describe the Product, Price, Place, and Promotion of Porsche. Explain the current situation of the organization in the market (industry, market, and general environment analysis). Describe your recommended organizational structure.
What is the difference between a defined benefit pension plan and a defined contribution pension plan? A person starts work for a retail company and is treated reasonably well, at first. But after a few years she notices the company is suddenly putti..
Clulow Corporation recently changed the selling price of one of its products. Data concerning sales for comparable periods before and after the price change are presented below.
What happens to capital per worker and output per worker if machines begin depreciating at a faster rate than they once did? Use a graph to help you discuss your answer. Describe what will happen to growth in the short-run and the long-run
A perfectly competitive industry has a large number of potential entrants. all firms have identical cost structure and minimize cost at the same point where Min AC=MC. what will be the new market equilibrium price and quantity?
If there were only one seller, illustrate what would be the equilibrium price and quantity.
Suppose a perfectly competitive firm sees that price is $23 in the market place. It notices that the cost of producing the next unit of output is $26. What advice would you give to this firm?
Assume that society changed as well as encouraged both young women as well as young men to consider a wide range of careers.
A manufacturer of small plastic injection molded parts (caps, closures, fitments and pipettes) was experiencing static electricity problems during various steps in their molding and handling operations. The static caused the plastic parts to cling to..
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