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Your marketing department has determined that the price you can expect to sell the appliances for is approximated by the demand curve
p = -0.0425D+500
Your setup cost to produce up to 10000 appliances per month is $50,000 and the incremental cost per appliance is $50. Plot profit as a function of demand and determine the optimal value of demand.
Relate the ideas of Adam Smith to the moral justification of capitalism, given the logic of the theory of the competitive firm.
Are there circumstances in which it might be possible that deficits could increase productivity and long-run growth?
Suppose the government in a very small country charges tax on some kind of food and has collected tax revenue based on that. Under the pressure of vigorous protest, it declares to return all the tax collected to the buyers and sellers of this food ba..
What is the Institutionalist s theory regarding the instrumental and ceremonial aspects of production and distribution in Political Economy? Note: a discussion of the Veblenian dichotomy, and how it fits into the theory of distribution and production..
If Tori's old car can be traded in for $3325, which is her down payment, what is the most expensive car she can purchase?
At what rate should common stock be remeasured?
determine the output that would generate a total profit of $60,000 and the total sales revenues at the output level; draw the cost-volume-profit chart.
An increase in the price of sodium carbonate, a chemical compound used in detergents will:
Second, it will not reduce bene ts for the rst $3,000 earned by the workers. After this, it will reduce bene ts at a reduction rate of 50%. Draw the budget constraint facing any worker under the proposed new program.
Three friends (Julie, Kristin, and Larissa) independently go shopping for dresses for their high-school prom. Upon reaching the store, each girl sees only three dresses worth considering: one black, one lavender, and one yellow. Provide the game tabl..
Over the past year the inflation has been 10%. The price of a used Ford SUV has fallen from $6,000 to $5,000, or 16.6%. By what percentage has the real price fallen?
Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
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