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Q. A common marketing tactic among many liquor stores is to offer their clientele quantity (or volume) discounts. For instance the second-leading brand of wine exported from Chile sells in the US for $8 per bottle if the consumer purchases up to 8 bottles. The price of each additional bottle is only $4. If a consumer has $100 to divide among purchasing this brand of wine also other goods, graphically illustrate Elucidate how this marketing tactic affects the consumer's budget set if the price of other goods is $1. Will a consumer ever purchase exactly 8 bottles of wine? Elucidate.
If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
Write down a formula that express the marginal product of labor in the short run as a function of the amount of labor used.
Hana's rounded one-year rate of return earned from her purchase of the Treasury notes is equal to illustrate what %.
Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product.
Illustrate what closing time should Citywide Spirits Shoppe choose to maximize profits.
If Clancy buys a coupon to pays when Sullivan wins Illustrate what is the induced lottery to he faces. Illustrate what is its expected value.
you agree with the argument which the copyright owners of the materials mentioned should not be paid a fee if their material is on YouTube.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
If the quantity of output demanded at every price level increases by $1 trillion, Illustrate what happens to equilibrium output also prices.
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
The relative price rule is equivalent to saying the marginal utility per dollar is the same for both goods, or goods should be consumed in the same ra5tion as their relative price.
Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier.
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