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Demand Elasticity :sample question
The non-customer demand for an ATM transactions is Q = 19,000 - 6,000P. Right now the company handles 10,000 non-customer ATM transactions per day at a fee of $1.50.
a. What is the own price elasticity for ATM fees charged to non-customers? At the current ATM fee, should you raise or lower your ATM fees? Why?
b. What should your new ATM fee be if your marginal cost of servicing an ATM transaction is $0 (zero) and you are only considering maximizing profits derived from ATM fees?
A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.
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In an article about the financial problems of the USA today, Newsweek reported that the paper was losing about $20 million a year.
Compare the advantages as well as disadvantages of fee for service payments and a DRG-based payment system
Suppose that the town of Grayrock had a population of 10,000 in 1998 and a population of 12, 000 in 2003.
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