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Q. Assume, that income is $80,000 and price of related good is $40. Also let consumers' tastes change so that consumers now demand 100 more units at each price. Based on demand function from previous question, when price of good is $50, how many units of good are demanded?
Write an equation for a typical production function also illustrate what every of the terms represents.
Explain how much and why. This could include things such as mergers, innovative marketing, etc. Illustrate what products and/or services that made by this company.
on average, Japan's real every capita output grew at a rate of 3 percent every year among 1973 also 1993. Illustrate what would Japan's output every capita have been at the end of 1993.
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
Illustrate what difference does it make to the tying arrangement issues if the Internet Explorer is a functionally integrated component.
ohn also Jeremy are utilitarian's. John believes to labor supply is highly elastic while Jeremy believes to labor supply is quite inelastic.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Explain how many fish should a commercial fisherman try to catch a day. Should he catch as many as possible or return to dock before filling the boat with fish.
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
Illustrate what inconsistent other than price appear ro have the biggest impact on the demand for McDonald's products.
Consider a finite set of prizes X and probabilities P on them. Suppose that an expected utility maximizer's preferences > on P have an expected utility show with utility function on prizes u : X->R.
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