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Evaluate a pricing decision your company (or any company, for that matter) made that involved a product or service with fixed capacity. Do you think price was set optimally? If not, why not? How would you adjust the price, or would you.
i.explain the difference between accounting profit and economic profit. include discussion of the distinction between
Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2.
Suppose that there are three firms, who produce homogeneous products, and whom have the same marginal cost which is constant over output. These firms play an infinitely repeated Bertrand pricing game. Each period they simultaneously set prices.
Adolph Berle and Gardiner Means argued that widely held corporations will be run inefficiently by professional managers. Their argument is based on:
What is the money supply as a result
Consider two ways to protect your car from theft. The Club(a steering wheel lock) makes it difficult for a car theif to take your car. Lojack(a tracking system) makes it easier for the police to catch the car thief who has stolen it.
At a recent meeting, the president and the CEO of Production, Inc. got into a heated argument about whether or not to shut down the company's plant in Flint, Michigan. The plant currently loses $50,000/month. The president of Production, Inc. argu..
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Does this production function exhibit constant returns to scale? Write down the production function in per
An estimate of the physician’s marginal product rises up to 25 hours and then slowly falls to zero at 110 and thereafter negative. Graph both the marginal and total products of labor based on this information.
Which of the following statements is true of an arbitrator?
the depreciation schedule for a machine has been arrived at by several methods. the estimated salvage value of the
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