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Q1. Illustrate what is the marginal revenue from selling another book for the author? Explain how does it compare to the marginal revenue of selling another book for the publisher? Briefly explain.
Q2. Dave has $300 to spend each month on DVDs and CDs. DVDs and CDs both currently have a cost of $10, and Dave is maximizing his utility by buying 20 DVDs and 10 CDs. Assume Dave still has $300 to spend, but the cost of DVDs rises to $12, while the cost of CDs drops to $6. Is Dave better or worse off than he was before the cost change? Use a budget constraint-indifference curve graph to illustrate your answer.
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour
Discuss a situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the agreement.
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
Calculate the marginal physical product of labor at each quantity of labor
Illustrate the effect of increasing Government spending on all the macro-economic variables assuming a horizontal AS curve.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
Assuming sum-of-years digits depreciation, what book value will Model-I have after two years.
Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preferences.
What is the social optimum? What specific tax per unit of output of gunk results in the social optimum.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
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