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The village of Pescatore is situated next to a medium sized lake in which citizens can fish from privately owned boats. The cost to a boat owner of owning and caring for a boat is 4 groschens. The lake gets over-fished if too many boats share the lake. The total revenue from all boats in the lake is TR=48B-2Jil, where B is the number of boats in the lake. The village council notices that total profit from fishing is not maximized if citizens are allowed free access to the lake. The council decides to allow a boat to fish in the lake only if its owner buys a fishing licence. To maximize total profit (of citizens and council), how many groschens should the council charge for a licence licence?
Assume that the demand and supply curves for eggs for the United States are given through the following equations:
Derive the equation for the demand curve facing the airline during the winter month of January if P = $100, PC = 150, BAI = 200, and S+0 (Price should be expressed as a function of quantity.)
General Electric has frequently placed managers together to work on teams. Often the work project is only for a short period of time.
Why is a common analysis period necessary in comparing mutually exclusive alternatives by the "Present Worth Method", but is not necessary in the "Equivalent Uniform Annual Cash Flow method"?
Choose either the European Union or the North American Free Trade Arrangement, and answer the given questions based on your choice:
Supposing the marginal cost curve is for a competitive industry as a whole, find out the profit-maximizing level of output and price.
Which of the following changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD? Explain your answer with credible logic and analysi..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
Suppose you are analyzing market for minivans. What will be the impact on the equilibrium price and quantity of each of the following events on the minivan market?
Does it appear that widgets would be a luxury good or necessity IF they sol at the perfectly competitive equilibrium (which they don't), and why?
Explain what happens to price and quantity of milk when the following events take place: For each and every event, specify how it effects either demand, quantity demanded, supply, or quantity demanded. It is also important to demonstrate how the ch..
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