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You are the manager of a monopoly. Your analytics department estimates that a typical consumer's inverse demand function for your firm's product is P = 350 -20Q, and your cost function is C(Q) = 150Q.
a. Determine the optimal two-part pricing strategy.
Per-unit fee: $
Fixed fee: $
b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
Discuss the reasons political scientists have identified for why people join interest groups. Elaborate on what interest groups do for their member
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Graph the main expenditure components of GDP (consumption, investment, government consumption expenditures
With the aid of clearly labelled diagram, explain the difference between change in quantity supplied and a change in supply?
One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
Industry studies often suggest that firms may have long-run average cost curves that show some output range over which there are economies of scale and a wide range of output over which long-run average cost is constant; finally, at very high output,..
Assuming that this is rational behaviour by profit-maximizing "firms" elucidate what economic factors may influence such behaviour.
Using your answers above, why does the growth rate of real GDP differ depending on the base year? Explain how the technique of Chain-Weighted Real GDP alleviates this problem.
The Wei Corporation expects next year's net income to be $10 million. The firm's debt ratio is currently 35%. Wei has $13 million of profitable investment
1. "Company X announced a loss of Y% in the second quarter of 2019. Their stock price is up Z%."
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