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Questions:
List three examples of a corporate flight department variable expense.
List three examples of a corporate flight department fixed expense.
If the government sets a minimum price of $10 per unit, how many units would be supplied and how many would be demanded? How could the government maintain.
Quotas imposed on Japanese imports into the United States tend to: penalize both U.S. consumers and Japanese consumers. benefit both U.S. consumers and Japanese consumers.
Suppose that the gas utility operates as a pure monopoly, setting price and output so as to maximize profit. What P and Q will be chosen What will be the total revenue, total cost, profit, and consumers surplus at this price
Explain in your own words why a company that creates a negative externality will over produce compared to the output level that society wants.
The U.S. Department of Agriculture (USDA) has been concerned that Americans aren't eating enough fruits and vegetables, and they've considered coupons.
What are the shortcomings of using GDP as a measure of economic welfare?
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
Compute the elasticities for each independent variable and Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results..
Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of government in economics
Presume that the interest rate is 4 percent. What is the future value of $100 five years from now? How much of the future value is total interest?
How will output and inflation in both the short run and the long run be affected if the effects of the tax cuts are stronger on long-run aggregate supply than on aggregate demand?
The market demand for a homogeneous-product Stackelberg duopoly is 16,000-4(Ql+Qf) and costs are Cl(Ql)=4000Ql and Cf(Qf)=6000Qf. What is the follower’s reaction function? Determine the equilibrium output level for both the leader and the follower.
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