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In Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result the quantity demanded of HoHo's decreased from 120 to 100. What would be the appropriate elasticity to compute? Use the midpoint method, compute this elasticity. What does your answer tell you?
Choose two firms from different industrial sectors, e.g. high tech computers, health, customer non durables, cyclical etc.
The hypothetical figures in the table below give five alternate combinations of steel and autos that Japan and South Korea can produce it they fully use all factos of production at their disposal with the best technology available to them. After s..
Year price quantity demanded Real Income Price of Substitute 1 .95 200 11000 .65 2 1.10 180 11000 .65 3 1.10 190 11500 .65 4 1.10 200 11500 .90 5 1.10 170 11500 .90 6 .99 190 11500 .90 7 .99 175 10500 .90 8 .99 150 10500 .62
The sales information for the Lonestar Sports Apparel Corporation for the last 12 years as follows:
Assume that the LM curve for a small open economy with a fixed exchange rate is given by Y = 200r - 200 + 2(M/P). This IS curve is given by Y = 400 + 3G - 2T + 3NX - 200r. The function for the net exports is NX = 200 - 100e, where e is the..
A monopoly is considering selling several units of a homogeneous product as a single packge. A typical consumer's demand for the product is Qd= 110-0.5P, and the marginal cost of product is 140. A. Determine the optimal number of units ot put in a..
What is the Marginal cost of one more passenger on a 1,200 mile flight if there are between 250-300 passengers. If the number of passengers is 300 and the flight is between 1,200 and 2,500 miles, what is the marginal cost of flying an additional mi..
(Y) Dollars per unit 3.00, 4.50, 5.00, 6.00, 8.00 (X) Units per Period 5,000 - 8,000, - WHAT IS THE MONOPOLIST'S PROFIT-MAXIMIZING OUTPUT - At the profit-maximizing output rate, what are the monopolist's average total cost and axerage revenue
Select three macroeconomic indicators that you feel have greatest impact on operations or considering for Kohls. Discuss and describe why they are important to current or future situation of your organization.
A monopolist has two types of customers.There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8 Neither is willing to purchase additional units at any price. If it must charg..
qd=1000-5p mr=200-0.4q marginal cost is constant at $20. The firm is considering quantity discount. The firs 400 units can be purchased at $120 and further units at $80. How many units will the consumer buy in total
It is often claimed that "differencing" the regression model will reduce the degree of autocorrelation. Consider this claim by using as the model: yt = xt + ut and ut = ut1 + t where (t) is white noise with mean zero and variance 2.Show that the ..
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