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Assume a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q. The marginal cost for gathering and bottling the water is $3/gal. Find the optimal number of bottles to package together for sale and the profit-maximizing price to charge for the package. Find the solution and show it graphically.
Elucidate how the steepness of the short run aggregate supply curve affects the government's ability to use fiscal policy to change real GDP.
Elucidate why monopolistically competitive firms frequently prefer non-price competition to price competition.
An essay on Market imperfection associated with negative externalities.
Illustrate what are the pros and cons of alternative strategies to tackle a foreign market.
Discuss the determinants of varying levels of income. What factors determine a person's wages. In your opinion, do these qualifications always hold true.
Discuss how the economic indicators inflation, employment levels and interest rates,
Explain how is it that monetary policy, such as open market operations.
Assume you hire a furloughed Wall Street analyst to aid you examine your production process, and she uses your historical cost records to estimate that your total cost function is C(Q) = 100 + 2Q + 3.5Q2. Using this equation, answer the following ..
Elucidate the relationship among budgeting and financial reporting in government.
Given the data of real disposable income and real consumption, draw consumption function, determine the slope-What is the marginal propensity to consume?
Suppose the domestic appliances industry faces severe foreign competition, and asks you to prepare a position paper its lobbyist.
Compute the arc cross-price elasticity of demand among beverage sales and appetizer prices.
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