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If the demand for VCR s is described by the equation 5p + 3x = 60 where x is the number of items sold at price p, where p is in hundreds of dollars:
(a) Find the total revenue function.
(b) Find the approximate revenue obtained by producing and selling the 7th VCR.
Who does Graeter's consider as the company's real competition? Do you agree or disagree withhis assessment? Explain why or why not.
The financial market looks like the following. 1. People decide not to hold currency. 2. The required reserve ratio on deposits is 10 percent 3. The money demand function looks like Md = $Y*( 0.9 - 3*i ) 4. Nominal income is $5 Trillion 5. The Moneta..
Pay scales of federal government employees are determined according to each employee's government serve (GS) rating. GS-10 experienced accountants with the Government Accounting Office (GAO) were reported to earn salaries that are approximately no..
What are 2-3 relationships between the economic concern you selected and that specific country's economy What trends do you see in the data sets Support your assertions of the trends with statistical evidence.
Refer to the above data. If the product price is $25 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss How much will the profit or loss be How much will the profit or loss be
suppose the daily demand for coffee in seattle is qd 1000003-p2a. what is the elasticity of demand at a price of 2b.
EA finds out that two different types of people fly to Honolulu. Type A consists of business people with a demand of QA = 260 - 0.4P. Type B consists of students whose total demand is QB = 240 - 0.6P. Because the students are easy to spot.
In running for the party's nomination, what are the advantages and disadvantages of a candidate who has a stronger ideological record? For example, in the 2012 GOP nomination race, what advantages did Rick Santorum (the stronger socially conservativ..
The Australian government administers two programs that affect the market for cigarettes.
Consider the general two-commodity market model: QD1 = f0 + f1P1 + f2P2 QS1 = a0 + a1 P1 + a2P2 QD2 = f0 + f1P1 + f 2P2 QS2 = b0 + b1P1 + b2P2 where the f and a coefficients pertain to the demand (QD1) and supply (QS1) functions of the first co..
Consider an economy with two separate regions: A and B. There are 100 million workers in total who supply their labor inelastically. The demand for labor (in millions) in region A is EA = ??100 - 15 wA and in region B it is EB= 100 - 15 wB.
The present value of K payable after 2 years is $960. If the force of interest is cut in half, the present value becomes $1200. What is the present value if the effective annual discount rate is cut in half
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