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Q1. What are the most important things to consider when making a pricing decision for a good whose demand as well as is elastic? For one whose demand as well as is inelastic?
Q2. How would you advise the baker as to whether he should (a) employ four assistants on a Saturday; (b) extend his shop, thereby allowing more customers to be served on a Saturday morning?
Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week
Distinguish between the resources market and the product market in the circular flow model.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
Calculate price, quantity and social surplus for the initial state and each policy.
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
Calculation of the unemployment rate and part time workers who would prefer to work full time.
As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
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