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A Boutique store is selling a new style of winter coats in preparation for the winter season. The store's manager thinks that consumers' willingness to pay for a coat is $65 each, but she is not confident in her estimate. She wants to sell the coats within the next 6 months, before winter ends, because after that she needs to make room in the store for the next year's styles. What price should the manager set for the coats?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utile per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second he eats, 8 for the..
What are some difficulties with fiscal policy approach? (Budget deficit, crowding out, time lags) Explain. How an expansionary monetary policy can help fiscal policy in stimulating the economy? Explain.
According to The Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of the restructuring plan Mitsubishi conducts an analysis of how labor and cap..
What are your thoughts on the proposition that capitalism may be appropriate for the United States and other industrialized nations, but a different economic structure might be more appropriate for poorer nations?
The time series Xt is generated through the ARIMA model. Where B is the back-shift operator, and at is white noise.
What is the natural rate of unemployment? If the economy were at a steady-state unemployment rate with a separation rate of 0.025 per month and a job-finding rate of 0.4 per month, and the labor force consists of 100 million workers, on average how m..
Question 1: Differentiate between Security Architecture & Design and Information Security Architecture & Design Question 2: What is the CIA Triad (define each component)? What is Defense-in-depth? In order to meet both criteria, what are the mini..
The supply of paintings by Leonardo Da Vinci, who painted the Mona Lisa and The Last Supper and died in 1519, is highly inelastic. The federal government decides to require that automobile manufacturers install new anti-pollution equipment that costs..
what could affect every also a Discussion of why it is more accurate to examine both when trying to conclude a nation's economic success.
What will happen in the oil market if suppliers become more optimistic? What will happen in the gasoline market if oil prices rise? What will happen in the syrup market if honey prices rise?
the impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following
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