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In a particular town there are 100 cars and 50 motorcycles. Each car owner has a demand curve for petrol given by: Qdc = 20 - 5p for p less than or equalto 4 and Qdc = 0 for p > 4. Each motorcycle owner has the following demand function for petrol: Qdm = 15 - 3p for p lessthanorequalto 5 and Qdm = 0 for p > 5. Prices are expressed as SR per gallon, and quantities as gallons per week.
If the price is SR 3, how many gallons of petrol per week are bought by (i) each car owner and (ii) each motorcycle owner?
In order to reduce the unemployment rate jobs must be created... new jobs! Both the Federal Reserve and government have proposed a number of solutions and programs in order to create these jobs. In your opinion which do you believe is the most effect..
For the following cash flow, compute the interest rate at which the $240 cost is equivalent to the subsequent benefits.
In class we discussed how companies go about making decisions related to important purchases. One method of making an informed purchasing decision is total value sometimes call life-cycle costing. You are a sales person for Sherwin-Williams and sell ..
Suppose your local Congress representative suggests that the federal government intervenes in the gasoline market to stop runaway price increases. Would you say that this view basically supports the Keynesian or the Monetarist school of thought? Why?..
determine if the firm is operating in the short run or the long run. old york & company, a women's retailer, is not under a wage contract with its employees, but it is currently in a one year lease at its mall location.
Two firms, A and B, are situated next to a lake, and it costs each firm €1,500 per period to use filters that avoid polluting the lake. However, each firm must use the lake's water in production, so it is also costly to have a polluted lake. Does eit..
If the CD is cashed in before September 1, 2006, you lose all interest for the first three months and the interest rate is reduced to 1.9%, compounded monthly, after the first three months.
In a duopoly where possible options are to retain the collusive price (collude) or to lower the price in attempt to increase the firm's market share (cut). Consider the following payoff matrix for a game in which two firms attempt to collude under th..
The Hanover Manufacturing Company believes that the demand curve for its product is-Evaluate the wisdom of the firm's pricing policy. A marketing specialist says that the pricing elasticity of demand for the firm's product.
A surgeon practices at Community Hospital on the private patients he admits there. He does rounds every day after surgery and enters notes in his patients' charts (paper records kept at the nursing station). Who owns these medical records? Which of t..
Rosa banks with Olympia Credit Union and Rosa’s employer uses Washington National Bank. Rosa receives a salary of $2,500 every month which is directly deposited into her checking account. Explain how this affects Olympia Credit Union’s assets and lia..
Marian, a top graduate from Loyola in Humanities, was hired by a major corporation into a management position. Marian finished the corporation's management training program top in her group, and is performing above the norm in her position.
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