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Suppose Max's preferences for gin (g) and tonic (t) can be represented by the utility function U(g,t)=max(2g,t)
Use Max's consumer choice problem to derive Max's demand function for gin as a function of the prices and income pg, pt and M:g=g(pg ,pt ,M).
The following figures relate to a trading year for trader Amelia. Calculate the ratios for: overhead expenses to turnover and end of year working capital
If the monopolist can price discriminate between the two groups , what price will old and young clients be charged
Some people have argued that mandatory health insurance could reduce health. What problem would mandatory coverage not solve that could undermine cost savings?
Stabilizing an Economic Struggle
Examine the major effects that government policies have on production and employment. Predict the potential effects that government policies could have on your company.
Calculate new level of deadweight loss. What is the gain in consumer and producer surplus associated with this price discrimination
Question 2: Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail.
the boos co. just issued a dividend of 2.40 per share on its common stock. the company is expected to maintain a
Suppose there are 100 people betting on each team and the Patriots win by 14 points. Show how much the winners receive, how much the losers pay?
After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological chang..
Describe the merger you researched. What was the motivation behind the transaction? Were the companies in the same industry? Geography?
If Perfection Performed and Quality Products cooperate with one another, which choice of strategy for each firm will result in the greatest joint profits? What is the dominant strategy for Quality Products
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