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-The goodsole company manufactures a good that faces an income elasticity demand of -2. Define income elasticity. is the good a "normal" good or an "inferior" good? expalain your answer?
-Explain why a firm maximizes its profit by producing the level of output at which marginal revenue equals marginal cost?
After a fall, a 95 kg rock climber finds himself dangling from the end of a rope that had been 15 m long and 9.6 mm in diameter but has stretched by 2.8 cm. For the rope, calculate The strain,
The competitive market equilibrium maximizes gains from trade. Taxes and subsidies, by altering the market outcome, reduce the gains from trade.
1. The impact of currency fluctuations on international operations.
Why are isocost lines straight lines?
How do you see the future of currency and online business? Will this make the use of cash an obsolete method of payment?
Discuss one aspect of the low-cost-carrier business model, such as Ryanair's, that provides a sustainable cost advantage over a large network carrier, for example, British Airways.
Find the Herfindahl index for the industry composed of a) three firms-one with the 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; b)one firm with a 50 percent share of the market and 10 other equalized..
You are the owner of a fast food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast food restaurant, and de..
given the following information about the market for gasoline quantities in millionsprice per gallonquantity
1. Explain, using managerial economics, why sports economists believe ticket prices are too LOW. No more than 75 words, please. You can do an excellent job with 40 - 50 words if you are concise.
The remaining life of the patent is 10 years. Nadine uses a MARRof 10 percent/year. What must be the uniform annual sales volume of the product for Nadine to be indifferent between the contracts, based on a present worth analysis? If the sales vol..
Consider the following two-period extraction problem (assuming a zero discount rate): Supply (marginal cost of extraction) in each year: MC1 = MC2 = 5 Demand each year: MB1 = 15 - Q1 MB2 = 15 - Q2 Total supply of the resource: 12 What quantities and ..
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