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For each of the following questions, explain you answer and show your work. Make sure your answers are backed up by numbers.
1. Suppose that individual demand for a product is given by Q = 1200 - 5P. Marginal revenue is
MR = 200 - 0.4Q, and marginal cost is constant at $ 20. There are no fixed costs.
a. The firm is considering a quantity discount. The first 400 units can be purchased at a price of $120, and further units can be purchased at a price of $80. How many units will the consumer buy in total?
b. Show that this second- degree price- discrimination scheme is more profitable than a single monopoly price.
Denote by mi the median favorite position among the citizens of state i, for i = 1,2; assume that m2
fiscal policy is a very precise tool for controlling aggregate demand. if the government wants to increase aggregate
identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinants of supply in Equation. In each instance, would equilibrium market price increas..
Robot X has a first cost of $84,000 an annual maintenance and operation (M&O) cost of $31,000, a $40,000 salvage value, and will improve net revenues by $96,000 per year. Robot Y has a first cost of $146,000 an annual M&O cost of $28,000, a $47,00..
a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
Supposed a firm faces an inverse demand function of p(y)=20-y and a total cost function of c(y) = a + y^2
Now assume the Fed increase the money supply by 10% and volcity remains unchanged?
maria and emmanuel need to cut logs for shelter or gather food to stay alive per day. maria produces 10 cut logs of shelter and 10 baskets of food. emmanuel produces 5 cut logs of shelter and 8 baskets of food.a) what is the opportunity cost for ma..
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP?
Suppose that you are the top marketing manager for the Pepsi-Cola Co. You are engaged in an intense battle for market share in domestic beverage market with Coca-Cola Co.
1. ace and baumont corporations make and sell electrical equipment. both have to decide whether or not to discount. the
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