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Question: Consider again the New York taxi market, where demand is given by
Q = 10 - .5P, each taxi's cost is C = 980 + 3Q, and ACMIN = $10 at 140 trips per week.
a. Suppose that, instead of limiting medallions, the commission charges a license fee to anyone wishing to drive a cab. With an average price of P = $15, what is the maximum fee the commission could charge? How many taxis would serve the market?
Perhaps surprisingly, field experiments have shown that strangers who encounter one another on the street (e.g., to ask directions) are friendlier around 4 a.m.
Describe the ultimate goal of the product campaign for the new shampoo. Discuss your methods for achieving this goal.Identify the components of marketing, pricing, and distribution for the campaign. Include in your response a discussion and analysis ..
in neoclassical growth models the sources of growth is exogenous usually technology. such theoretical models hence are
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Prepare a memo to NMC upper management that outlines weaknesses in their current cost allocation process and ways to improve it that will assist them in evaluating the performance of the Classic and New Wave divisions.
A health services firm is thinking about purchasing a large autoclave for $180,000. The autoclave is expected to generate $60,000.
When people eat dinner together at a restaurant they might either agree that each person will pay his own bill (plan A), Draw diagrams showing the budget constraints implied by plans A and B, from the point of view of one person
The value of your education is not only the worth of the investment you are making in yourself, but the cost of what you give up. What is the Opportunity Cost of your education
1. recently the obama administration proposed a 1.00 per unit pack excise tax on cigarettes which would be imposed
How would you defend the position that the Fed should adopt inflation targeting as a framework for monetary policy?
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