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"Darlene's utility function is U(q1, q2, q3) = ((q1)^3)((q2)^7)(q3). If her income doubles and prices remain unchanged, her demand for commodity two will more than double." Is this statement true, false, or ambiguous? Justify your answer.
What price should do you charge if it wants to maximize its revenue from this concert? And, how much revenue will it receive?
Evaluate projects based on the long-term objectives of the firm as well as the project's ability to earn the company additional compensation.
Construct a graph showing supply and demand in the E-Book market, using Excel - How are the Laws of Supply and Demand illustrated in this graph Explain your answers.
Describe the three forms of price discrimination and give examples of where each kind is applied.
Is this Weird estimator linear? Why or why not? Is it unbiased? A simple example that supposes there are only two possible, equally likely values for Yi will suffice to answer the question about bias.
Calculate the monthly consumer surplus for each group before and after the rate increase. Your boss wants a measure of the losses to each group from the rate increase.
Is it possible to collect new tax revenue, and at the same time guarantee that the poor individual will not be made worse-off by the new carbon tax? Be specific, and make sure you calculate the final tax revenue. Assume the government is able to o..
Entrepreneurship is a factor of production which adds value to the production process and therefore earns a legitimate return to its exertion. How would you evaluate these two contrasting views, and what are their implications for society?
Apply what you have learned about development and development theories so speculate on the following thought experiment.
Describe a product that you are familiar with and outline its market structure - Using at least one of the techniques described in the article, discuss how you would price the product in order to maximize profits.
Evaluate a pricing decision your company made.
The accompanying graphical display appeared in USA Today (October 22, 2009). It summarizes survey responses to a question about whether visiting social networking sites is allowed at work. Which of the graph types introduced in this section is use..
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