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Question: An investigation has recommended changes in the construction industry and estimate it will cost $8 billion. The government wants to impose a 25%tax on pain to recover the cost. The population purchases 1.35 billion litres of pain a year. The price is $1.75/L. With 25% tax on paint, the price will be $2.19L. Price elasticity of demand for paint is -1.89.
How will the increase in paint price affect the demand for paint?
barbs beach barbeque is a restaurant and catering business. it was voted the 1 barbeque restaurant in the pensacola
Find the pure strategy Nash equilibria under the assumption that all participants are fully rational and only interested in their own earnings.
A number of stores offer film expanding as a service to their consumers. Assume that each store that offers this service has a cost function C(q)=50+0.5q+0.08q2 .
Show what happens to profits and profit maximizing output when price increases. Please start with a firm that is earning positive economic profits.
The paper instructions: First, it describes the price elasticity of supply of demand for your product or service. East Carolina University.
Two firms, i = 1,2, produce the same good. Each firm i's cost of producing quantity q_{i} is given by C_{i}(q_{i}) = q{_{i}}^{2} . The market demand is given by P_{d}(Q) = a-Q for all Q = q_{1} + q_{2}\leq a (with P_{d}(Q) = 0 for Q> a).
Choose a foreign direct investment project of some particular company, explain what the project
Identify an instance where a price control is used in our markets. Why do you think this price control exists? Also discuss the possible negative effects it may have on the market
Adrian is about to borrow $2,814 from his uncle. He has an option to repay the loan at the end of year 5 with 9.62% simple interest per year or with 5.36% interest per year, compounded annually.
Provide a short description of an oligopolistic market. Explain why the advertising is a form of a non-price competition.
a doctoral student has just completed a study for her dissertation and found the following demand and supply
Write a two page double spaced essay in which you discuss the importance of competition within an industry for consumers. Be sure to use the long run industry standards in your essay.
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