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Consider the following model of a frims revenues as a function of its marketing expenditures and dummy variables for the quarters of the year. you have quarterly data from 1987 to 2003
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
As markets for some products and services experience greater global competition, what is the likely consequence for the incidence of price discrimination? Do you think global competition fosters or impedes price discrimination?
Suppose you have a limited money income and you are purchasing products A and B whose prices happen to be the same. To maximize your utility you should purchase A and B in shuch amounts that?
What"s wrong with this way of thinking? “Economists argue that lower prices will result in fewer units being supplied. However, there are exceptions to this rule. For example, in 1972
compare them over a period equal to the life of the shorter-lived alternative D) compare the present worth over one life cycle of each alternative. Explain why. Do not waste time just selecting a,b,c, or d. You will not be rated.
What is the present discounted value of $10,000 that is to be received in 4 years if the annual market rate of interest is
The owner of a flower shop needs a short-term loan to tide her business over until she completes the sale of some unused property.
Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?
suppose the equation for the demand curve for some product x is p 8 - .6q and the supply curve is p 2 .4q. what are
if the demand curve for wheat in the united states is p12.4 - qd where is the p is the farm price of wheat in dollars
Calculate the output of each firm, the market price and the profits of each firm that correspond to the Nash-Cournot equilibrium. Calculate the output of each firm, the market price and the profits of each firm that correspond to the Perfect Nash-S..
Assume that income is RM70. What is the price elasticity at P = 8. Also, calculate arc elasticity at the interval between P=7 and P= 8.
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