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Homer's boat manufacturing has a monopoly on boat sales in the region. Homer's marginal cost of the 8th boat produced is $1,200. He produces only eight boats and can sell all eight boats for $1,500. The elasticity of demand at this price is -2. Is Homer maximizing profits?
Comparing Investment Criteria Mario Brothers, a sport producer, has a new idea for an exploration sport.
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
Explain how does marginal analysis affect goods and services, efficiency, equity, and on market economy.
Assume the annual demand for liquor in Mississippi. The supply of liquor is given by the equation Qs= 30,000P. Solve for the equilibrium annual quantity and price of liquor.
What are arguments for using real per capita G NI to compare living standards between countries. What weakness does this measure have.
Elucidate the meaning of value added and its importance in the income approach. Consider the following data for the selling price at each stage in the production of a five-pound bag of flour sold by your local grocer. Calculate the final market va..
Converse the positive also negative contributions of FDI inflow to the competitive benefit of host countries with regard to the subsequent matters
Elucidate how would you improve this survey to better reflect the needs of the consumer.
Illustrate what is the producer's profit-maximizing(loss-minimizing) output level. Illustrate what are the firm's economic profits.
If the economy falls into a recession, the stock's return is projected at a negative 11.6 percent. The probability of a normal economy is 80 percent while the probability of a recession is 20 percent. Illustrate what is the variance of the returns..
Ilustrate what is the marginal propensity to consume (MPC).
One person using one computer can produce 11,000 typed pages per year, and the price per page for your service is $2. Depends on the costs and revenues above, which should you do. Elucidate and show any relevant calculations.
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