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A corporation has ten employees, all of whom want a more pleasant work environment. Accordingly, they are considering removing litter from the grounds of the plant. Each employee has an inverse demand for "clean grounds" of P=100-2Q, where Q is the number of empty soda cans removed from the premise. The marginal cost of removing beer cans is $1 per can. What is the socially efficient quantity of cans to remove?
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.
How much could the store charge for an yearly membership in order to extract the entire consumer surplus via an optimal two-part pricing strategy.
Explicate how firms decide on where to produce depending on the marginal product and average product.
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
Depends on economic casebook how much does it cost to make a pair of nike shoes international.
How to calculate the elasticity coefficient between each of the seven prices and indicate whether the character of demand is Elastic.
Coke also Pepsi have their market dominance for nearly a century. General Motors also Ford have been hard hit by competition.
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
As per to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. Elucidate is a company violating the optimality rule.
Draw the payoff matrix for this game. Elucidate any possible Nash equilibria in pure strategies for this game.
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