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1a) Calibrated Coffee estimates a demand curve for per bag of coffee to be: Log Q = .55 -3.22*Log (P) + .5 Log (I), where Q is quantity of bags of coffee, P is price per bag, and I is a measure on national income. Suppose the marginal cost per bag is $.90. The optimal price would be?
1b) Use Excel Solver, spreadsheet or otherwise to solve the following. A firm's objective is to Maximize Profits. Demand is Q = 1500*P-1.5, and Total Cost is TC = 30 + 6*Q + .25*Q2. The profit maximizing price is?
Suppose there is an industry with a total 10 firms, each with a market share of 10%. Given this information, which one of the following statements regarding the Herfindahl- Hirschman Index (“HHI”) is true?
Explain why is the index of industrial production an appropriate coincident indicator. Why is the average prime rate charged by banks an appropriate lagging indicator.
How do the norms and values around investing (esp. Impact investing (differ in japan?
A local union had a long standing practice of accepting only new members who were sponsored by existing members of the union. All of the existing members were white. The Union strongly denied any intent to discriminate and stated that most of the 30 ..
The price of a subscription to each type of economics statistics app is ?$44 per? year, and the subscription to each office productivity app is ?$40 per year.
Explain the importance of the protection of intellectual property as an incentive to attract technological-intensive foreign investment.
first read the posted textbook chapter (of Bluman) and watch the posted video; your histogram solution should also cover the below mentioned steps:
The demand for a monopoly's output is p = 100 - Q. The firm's production function is Q = 2L. What is the firm's demand function for labor? Compare and contrast the models of organizational behavior that are especially suited for more affluent nations..
Which of the following is not an example of a process designed to combat moral hazard problems?
discuss the best fit of the multinational firm to its worldwide industry environment and the changing role of central headquarters as an organization expands into other countries.
Economists oppose limiting economic growth possibilities because such limits would inevitably involve
When you listen to the stories your parents tell from back in the day, is it sometimes hard to comprehend the different times they lived in?
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