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Your company charges $60 for a board game it invented and has sold 3,000 copies during the last year. Elasticity for board games is known to equal 3. Use this information to determine a linear and power demand curve.
Consider a committee of Ann, Bob, and Carol that is choosing between three alternatives, {x, y, z}. Player i’s preferences are represented by the ordering i . Suppose the three player’s preferences are: x A y A z. y B z B x. z C x C y. Is M complete ..
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
The market for DVD rentals in Dallas, Texas, is estimated to be P= 10-0.002Q. Marginal cost (MC) of rental is equal to $2. Where PD is the price (per DVD in $) for DVD QD is quantity of weekly rental. The marginal revenue (MR) for rental is equal to
Economists have argued that rent control is "the best way to destroy a city, other than bombing." Why would economists say this. Illustrate what problems might it face in the future.
q. assume that all young women were channeled into careers as secretaries nurses as well as teachers at the same time
what changes should they make in government spending or taxes ? what changes should they make if they decide a contractionary fiscal policy is necessary?
A small monopoly manufacturer of widgets has a constant marginal cost of $10. The demand for this firm's widgets is Q = 105 - 1P. Given the above information, calculate the social cost of this firm's monopoly power.
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
Further you know that there is a 35% chance for a strong economy and a 50% chance for average growth. What is the expected return on this investment?
The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with no tax on luxury boats, the price is $1 million and 240 luxury boats a week were bought. Now luxury boats are taxed at 20%. What is the price that ..
Many small companies use accounts receivable as collateral to borrow money for continuing operations and meeting payrolls. If a company borrows $230,000 now at an interest rate of 16.00% per month, but the rate changes to 18.00% per month after 6 mon..
How does Costco differ from other retailers? What is their business model? Who is the Costco target customer? Why? Why are the stores laid out the way they are? How is this different from other retailers? Why does Costco keep the price of its hot dog..
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