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Search the Internet and find out about elasticities and demand.
Use the principles of supply and demand to address a predetermined goal (set by the student).
The tuition's and fees for any given institution of higher education are theoretically the same for all attending students. Colleges and universities, however, routinely charge different tuitions and fees to different students. These differences show..
A monopolist faces a demand curve Q = -0.5P + 500, and has a total cost function . TC(yf)=3y^2f+40000. Find the profit maximizing price, quantity and profit. Draw a picture showing the producer and consumer surplus in this market. Calculate the monop..
In Britain price competition among book- shops has been suppressed for over 100 years by the Net Book Agreement (of 1900), which was aimed at preventing price wars. However, in October 1991 Waterstone and Company began cutting book prices at its 85 B..
You purchased a machine for $1,200,000 (installed), and you depreciated it using a 5 year MACRS. In year 3, you sold the machine for $700,000. You financed 70% of the purchase price on a 5 year loan at 8%. Your company is in a 35% tax bracket. Show t..
Specify the aggregate demand curve for (1) Home air purifiers and (2) a 'clean' joss burner.
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..
The Bramwell Corporation has estimated its demand function and total cost function to be as follows:
Some authorities say that shortcuts in text messaging will lead to users' inability to spell properly in more formal context. Discuss.
On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial minimum wage from $8.75 to $9.50.
If the budget is about $100,000, which of the following projects should be done? What is the minimum attractive rate of return?
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