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You are a manager of Kleenex and you compete directly with Puffs selling facial tissues in America. Consumers find the two products to be indistinguishable. The inverse market demand for facial tissues is P = 3-Q (in dollars) in America and both firms produce at a marginal cost of $1. You have a decision to make about competing with Puffs in New Zealand, where the inverse market demand for facial tissues is P = 3-Q.
Option A. Puffs sets up its factories and distribution networks now, and you set up later. And both produce at a marginal cost of $1.00
Option B. You hurry set up your factories and distribution networks now, and Puffs sets up later. Your hurry means your marginal costs are $1.20, while Puffs marginal costs remain $1.00Which Option is better for Kleenex?
Assume that at current consumption levels an individual marginal utility of consuming an extra hot dog is ten whereas the marginal utility of consuming an extra soft drink is 4.
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To maximize total income should the price be increased or decreased
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What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Determine what factors might contribute to a low level of productivity in an economy and compare these to rapid productivity growth experienced through the US during the 1990s.
An University President wants to reduce expenditures on fringe benefits
Do protectionist policies benefit producers, consumers, workers, or the government? Explain. b) Explain how the "Buy American" theme hurts Americans.
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