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Question
You observe that in a given data set, when P of an ice-cream rises from $1 to $2, Q demanded rises from 400 units to 500 units. Can Anya thus declare that Law of Demand does not always work, or could she offer a possibly different explanation for the observed data?
Suppose there is a movie monopolist selling to students, adults, and seniors. The marginal cost of tickets is fixed at $7.00. What prices will a monopolist set when it can discriminate? How much profit will the firm make? Suppose the firm would rathe..
Suppose Chase opens a monopoly drink stand. He has two types of customers. Customers of type A have a demand function Qda= 5-P and customers of type B have a demand function of the form Qdb= 10-2P. Assume Chase has a constant marginal cost of 1 for p..
Define what is structure of globalization. Why it is important?
Suppose the production function for oranges is Q = k^1/3 L^1/3. Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ? Does this cost function have increasing or decreasi..
Suppose you want to estimate the following labor supply equation: You gather data on US workers aged 22 to 55 from the Current Population Survey. You define the Average Hourly Wage as self-reported total annual labor income divided by self-reported t..
Determine which of the two investment projects a manager should choose if the discount rate.
Janet is running a painting business. She receives $200,000 payment from buyers at the end of year, at which time she also pays $20,000 fixed cost
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
Consider a monopolistic firm selling the same product in two completely separate markets with the following demand schedules:
Suppose instead that the station seeks to maximize its profit from sales of the DVDs. What price should it charge. How many DVDs should it order from which supplier.
week 10 profit please respond to the following determine two to three 2-3 reasons why vectorcal may not always receive
Vision Technologies, Inc., is a small company that uses ultra-wideband technology to develop devices that can detect objects (including people) inside of buildings, behind walls, or below ground. The company expects to spend $2 million as an initial ..
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