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Problem: Consider product X with a max willingness to pay equal to $60 and product Y with a max willingness to pay equal to $40. Product X is priced at $40. How should product Y be priced for consumer surplus parity?
Create a short presentation with four to six slides on effective strategies for the economic redevelopment of the Aral Sea.
Discuss how this case illustrates the concept of the opportunity cost of capital. How does this innovation also help in demand management?
In a critical essay, discuss the advantages and disadvantages of the pegged exchange rate. Indicate the main considerations Saudi Arabia faces from a currency.
ECON 1436 Harvard University Discuss case study "In the News ... The Future of Central Bank Frameworks and Discuss case study "In the News ... Deutsche Bank
Explain why changes in the money supply lead to exchange rate overshooting (causing the exchange rate to change by more in the short run than in the long run)
Explain why each of the factors may influence the own price elasticity of demand for a commodity - Consumer preferences, that is, whether consumers regard the commodity as a 'luxury'' or a 'necessity''.
A manufacturing company leases the machine for $31,000 per year. Each unit produced cost of $36.77 in labor and $60.02 in materials. To breakeven 21,000 units should be sold. What is the price of the product? Provide answer with precision to cents.
What should Sparrow Pharmaceuticals do? Do you think it is ethical to use customer information across multiple divisions of the same company? Explain.
A lumber company uses labor (L) and capital (K) to produce joint products, hardwood (H) and plywood (P). These items can be produced by one of two processes: Process 1: 1 unit of L and 2 units of K to yield 2 units of H and 1 unit of P or Process 2..
Consider the following supply and demand functions: qs = 25 + 1ps, qd = 100 - 0.5pd - Solve this problem as a monopolist on the output-side and monopsonist on the input- side using Solver.
Without free trade, Diamonique has market power as a local producer. Once free trade is implemented in the local economy, Diamonique is no longer able to raise its prices above competitive levels.
An energy conservation project is being evaluated. Four levels of performance are considered feasible. The estimated probabilities of each performance level.
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