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Marginal Analysis:. Doug Ross is a regional sales representative for Specialty Books, Inc., and sells textbooks to universities in Midwestern states. Ross' goal is to maximize total monthly commission income, which is figured at 10% of gross sales. In reviewing monthly experience over the past year, Ross found the following relations between days spent in each state and monthly sales generated:
If administrative duties limit Ross to only 15 selling days per month, how should he spend them?
I know that the answer will be somehow related to the amount of marginal sales per day, but dont know how exactly to determine the allocation.
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
What would happen to the position of the demand curve for dental services if patients had to wait even longer for an appointment with a dentist.
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Elucidate how these problems are int..
Write down the total and marginal revenue functions (d.) Suppose there is a 4 % increase in advertisement. What will be the effect on demand?
As an industry moves from being a monopoly to a monopolistically competitive one. Illustrate what happens to elasticity of demand curve facing industry.
Illustrate what is the tax burden on consumers also producers. Illustrate what is the deadweight loss.
Katrina's Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).
If a hurricane strikes Florida, and destroys 20 thousand pounds of oranges, what will the new equilibrium price and quantity be?
Explain is any outcome generated by a Nash equilibrium not generated by any subgame perfect equilibrium.
Semi-Salt Industries began its operation in 1975 also remains the only industry in the world which produces also sells commercial-grade poly glutamate.
For a competitive firm facing a market price above average total cost, the existence of economic profits means that the firm should increase output in the short run even if price is below marginal cost.
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