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Q. A manufacturer produces gizmos at a cost of $5 for each gizmo. The manufacturer computes that if each gizmo sells for x dollars, (15-x) gizmos will be sold. a) What is the manufacturer's profit function? b) What price should the manufacturer charge to maximize profits?
Q. Explain how Levitt devised a means of examining student test scores to uncover evidence of cheating teachers. Explain also why Levitt's analysis of the data constituted evidence, but not proof, of cheating.
Smith has been trying to sell his house for 6 months although so far there are no purchasers. Draw the market for Smith's house.
Illustrate what is the point of view of free trade and protectionist on: infant industries; Job Protection; Standard of living; Specialization; and National security.
If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
Assuming that the marginal product of labor is constant between 10 also 11 workers also the marginal product of capital is constant between 3 also 4 machines.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
If the company wishes to restore its sales to 10,000 pairs a month, illustrate what price should it charge every pair of socks.
Who were the stakeholders primary also secondary most affected by Google's original decision to self-censor in China.
Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.
What adverse effects on the domestic economy may follow from (a) a depreciation of the exchange rate and (b) an appreciation of the exchange rate.
Explain how could ABC use interest rate swaps to reduce the exposure of its cost of debt to interest rate movements.
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might.
Illustrate what is Gillette's advertising elasticity. Is Gillette's Demand more or less responsive to advertising than other firms in its peer group. Elucidate also Elucidate how all calculations.
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