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If supply of apples decreases and demand or apples increases, then the equilibrium
a) price will decrease and quantity will increase
b) price will increase and quantity will decrease
c) price will increase and quantity could increase, decrease, or remain the same
d) price could increase, decrease, or remain the same and quantity will increase
Analyze these indicators and prepare a 3-4 page report explaining the expected short impact on firms.
What are the optimal penal codes if there are two firms, competition is Bertrand, marginal costs are equal, and capacity is unlimited? Explain why a firm might prefer a meet-or-release MCC to a no-release MCC.
What can you determine about consumer demand for your product from this information?
State and elucidate principle of diminishing marginal utility in relation to consumer demand. Illustrate what is production function and how is it relevant to a production manager.
During the recession of 2007-2009, the U.S. economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence. What components of aggregate demand were aff..
Suppose Guild produces 5,000 guitars per year. Its average total cost is $90, and its fixed cost is $250,000. What is its variable cost?
A plant superintendent has arranged to purchase an additive through a 6-year contract at $5,000 per year, starting 1 year from now. Afterwards, he expects the annual price to increase by 3% per year thereafter for the next 12 years. Use i=8% to dete..
Find the upper and lower bounds on the prices of the European Call and the Put options and then find their ranges. (i.e. all possible values).
Assume that the demand for welding services is D(P) = 34-P/2, and the inverse supply function is PS(Q) = 4 + 10Q + Q2. This supply curve represents the long run supply curve of the incumbent firms already in the market, but there is free entry into t..
Explain the “objective theory of jurisdiction.” How does it apply to an organization doing business within a foreign country?
Discuss the following excerpt from a recent story in the Wall Street Journal. In your discussion demonstrate that you can use the concepts of: "price discrimination" and "barriers to entry" to explain: A) the current success of Harrah's strategy; and..
Does disposable income measure the before-tax income received by resource suppliers
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