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Shaughnessy Consulting, LLC currently enjoys a patent on software that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software is QD = 520 - 40P. Creating the software cost me about $1,475 in development and coding. I can produce a copy of the software for $6.50 per unit (constant cost).
-How many copies of the software should I attempt to sell?
-At what price should I sell it?
-How much profit would I make?
Explain Tay-Sachs disease. Imagine you are a genetic counselor working with a couple who have just had a child who is suffering from Tay-Sachs disease.
This is the market data for Vespa motorbikes in Houston. Demand: P = 400 - 0.50Q Supply: P = 260 + 0.20Q where P = Price and Q = Quantity. Calculate the equilibrium price and quantity. Calculate the consumer surplus in this market. Calculate the prod..
q1. calculate the range of marginal revenues on the vertical portion of the mr curves at the level of output where a
What would happen in this market? If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?
In recent years, about twenty states have passed so-called medical marijuana laws. Typically, these laws permit individuals to lawfully purchase marijuana
Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these to rise about $1500 each year while he is in college. If it will take him 5 years to ..
The following is intended to explore what kinds of cross-price demand relationships are logically possible in a two-good model with exogenous income.
What is the probability that 10 hurricanes reach landfall in the strike area? c. What is the probability at least one of 10 hurricanes reaches land outside the
a) Unemployment is strongly countercyclical. Is this stylized fact of the business cycle fact consistent with the Business Cycle theory?
How much money can they gift to their children in 2014 without any gift tax liability?
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
Laptop computers are produced domestically and imported. The price of laptop computers is $1000 and domestic producers use $600 of imported inputs per laptop co
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