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If you sell items on ebay.com, you can conduct a traditional auction that lasts a specified amount of time, and the highest bid at the closing time is the winner. Alternatively, you can post a set purchase price for the item, and any buyer who is willing to pay that price can avoid the auction and purchase the item immediately. In order to attain the highest price from an auctioned item, what should we do? In particular, what are the trade-offs associated with including the immediate purchase option? How should you decide what the immediate purchase price should be for this auction?
If fixed costs are $70, what is the profit at the optimal output level? Please specify your answer as an integer.
GDP calculations do not directly include the economic costs of environmental damage-for example
1) In the circular flow model, firms sell the services of factors of production to households
1. What is the effective annual cost of foregoing a discount with the terms 1/10, net 45?
Risk-averse managers often select a secure strategy that provides the. All of the following are examples of transaction costs, except:
One critic of the North American Free Trade Agreement argued that "it can't be in our interest to sign this deal; Mexico gains too much from it." What does the theory of the gains from trade have to say about that criticism?
If the government places a binding price floor in the market for milk, then we know that
"Second-hand" smoke, an often cited disadvantage of allowing smoking in restaurants, is referred to in economics as a(n)
The Southern Guru CopperCompany operates a large mine in a South American country. A legislator in the National Assembly said in a speech
Calculate Anthony his explicit cost for operating his consulting firm for a year?
Consumers live uniformly in a “linear-1-mile city”. There are two firms, located at x = 0 and x = 1, which each produce the same physical good at marginal cost of c > 0. Consumers have transportation cost t per unit of distance. Find best response fu..
After reading Part one of the book " Development and Growth" please reflect on the following question : How do you as a business leader utilize 'Measurements of Economic Growth and Development' in order to assist you with making long term decisions?
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